AirAsia on track to sell remaining 30 aircraft, 14 aircraft engines
Published on: Wednesday, September 05, 2018
Selangor: AirAsia Group Bhd said it is on track to complete the disposal of the remaining 30 aircraft and 14 aircraft engines under its plans to divest the aircraft leasing operations. It is the group's strategy to divest non-core assets and focus on its core airline operating business. The low-cost carrier told Bursa Malaysia that it had completed the transfer of an additional number of aircraft pursuant to the sale purchase agreements entered with Incline B Aviation Ltd Partnership and FLY Leasing Ltd on August 30, 2018. Stay up-to-date by following Daily Express’s Telegram channel.
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To date, the cumulative number of aircraft transferred is 54 and the group has received gross proceeds totalling US$703.1 million (RM2.89 billion). AirAsia had said the total proceeds are expected to be US$902 million (RM3.71 billion). At the noon break, its share price fell 6 sen or 1.7pc to RM3.38 with 4.42 million shares changing hands.
