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Tony Fernandes: Good interest in leasing unit sale

Friday, 28 October 2016

Tony Fernandes

 

AMSTERDAM: Asia’s biggest budget airline AirAsia Bhd is seeing good interest in the sale of its leasing arm, Asia Aviation Capital (AAC), AirAsia Group’s chief executive said on Thursday.

The information memo went out, and quite a few NDAs (non-disclosure agreements) came back.

In August, AirAsia was considering options for its leasing arm, which it values at around $1 billion, including a potential sale.

Tony Fernandes also wanted AirAsiaX, the long-haul affiliate of the AirAsia Group, to expand into new long-haul destinations in Europe, the United States and Africa.

Source by: Internet

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