US fund Castlelake to buy 25 planes from AirAsia for US$768m
AirAsia Group will sell a portfolio of 25 planes to US private investment firm Castlelake LP for US$768m, it said Monday. Castlelake will also purchase 4 new aircraft that will be delivered to AirAsia in 2019, the airline said. The 29 planes - Airbus’ A320-200ceo and A320neo - will be leased back to AirAsia. Reuters reported earlier this month that Castlelake agreed to buy about 30 narrowbody aircraft from AirAsia. The deal underscores the strong appetite of funds to invest in the aircraft leasing sector, which is seeing rising demand on the back of an increase in LCCs and passenger traffic. For AirAsia, the deal marks another move to monetise its assets as the airline seeks to transform itself into an asset-light, digitally focused firm. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-12-25/unaligned/us-fund-castlelake-to-buy-25-planes-from-airasia-for-us-768m
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US fund Castlelake to buy 25 planes from AirAsia for US$768m
AirAsia Group will sell a portfolio of 25 planes to US private investment firm Castlelake LP for US$768m, it said Monday. Castlelake will also purchase 4 new aircraft that will be delivered to AirAsia in 2019, the airline said. The 29 planes - Airbus’ A320-200ceo and A320neo - will be leased back to AirAsia. Reuters reported earlier this month that Castlelake agreed to buy about 30 narrowbody aircraft from AirAsia. The deal underscores the strong appetite of funds to invest in the aircraft leasing sector, which is seeing rising demand on the back of an increase in LCCs and passenger traffic. For AirAsia, the deal marks another move to monetise its assets as the airline seeks to transform itself into an asset-light, digitally focused firm. <br/>
