Malaysia's AirAsia sells aircraft portfolio for $1.18b
AirAsia said Thursday it has agreed to sell its aircraft leasing operations for $1.18b to firms managed by BBAM Limited Partnership. The sale gives Asia Aviation Capital Ltd, a wholly owned subsidiary of AirAsia Berhad, an enterprise value of $2.85b, AirAsia said. Fly Leasing Ltd, Incline B Aviation Ltd Partnership and Nomura Babcock and Brown will acquire a portfolio of 84 aircraft and 14 engines of which 79 Aircraft and 14 engines will be leased back to AirAsia and its affiliates. AirAsia is expected to recognise a gain of approximately 967.1m ringgit ($246m) as a result of the leasing unit disposal, the statement said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-03-02/unaligned/malaysias-airasia-sells-aircraft-portfolio-for-1.18b
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Malaysia's AirAsia sells aircraft portfolio for $1.18b
AirAsia said Thursday it has agreed to sell its aircraft leasing operations for $1.18b to firms managed by BBAM Limited Partnership. The sale gives Asia Aviation Capital Ltd, a wholly owned subsidiary of AirAsia Berhad, an enterprise value of $2.85b, AirAsia said. Fly Leasing Ltd, Incline B Aviation Ltd Partnership and Nomura Babcock and Brown will acquire a portfolio of 84 aircraft and 14 engines of which 79 Aircraft and 14 engines will be leased back to AirAsia and its affiliates. AirAsia is expected to recognise a gain of approximately 967.1m ringgit ($246m) as a result of the leasing unit disposal, the statement said. <br/>
