They set sights on new revenue stream after having ordered record numbers of planes
Thu, Oct 23, 2014 - 5:50 AM
AirAsia started a leasing unit last month, aiming to form a venture with a leasing investor. The unit is expected to lease jets both to affiliated airlines and externally.
FROM Scandinavia to South-east Asia, low-cost airlines have ordered record numbers of planes in recent years, redefining the jet industry. Now they plan to lease out scores of their new planes, re-ordering the aviation business all over again.