Malaysia's AirAsia values leasing arm at US$1b
AirAsia values its wholly owned leasing arm at US$1b, and aims to attract an equity investor to the unit by end-2016, it said. The airline aims for its Asia Aviation Capital (AAC) to expand its portfolio to about 200 aircraft in 5 years from the current 55, AirAsia said. Earlier this month, Reuters reported that AirAsia was looking to sell a majority stake in AAC and could value the business at about $1b, significant for a company that currently has a total market value of $1.9b. A successful deal will help CE Tony Fernandes to bolster the airline's finances and cut debt. AirAsia plans to tap potential suitors including the leasing units of China's HNA Group, China Merchants Bank, and the aviation leasing company backed by Hong Kong billionaire Li Ka-shing. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-08-26/unaligned/malaysias-airasia-values-leasing-arm-at-us-1b
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Malaysia's AirAsia values leasing arm at US$1b
AirAsia values its wholly owned leasing arm at US$1b, and aims to attract an equity investor to the unit by end-2016, it said. The airline aims for its Asia Aviation Capital (AAC) to expand its portfolio to about 200 aircraft in 5 years from the current 55, AirAsia said. Earlier this month, Reuters reported that AirAsia was looking to sell a majority stake in AAC and could value the business at about $1b, significant for a company that currently has a total market value of $1.9b. A successful deal will help CE Tony Fernandes to bolster the airline's finances and cut debt. AirAsia plans to tap potential suitors including the leasing units of China's HNA Group, China Merchants Bank, and the aviation leasing company backed by Hong Kong billionaire Li Ka-shing. <br/>
