An AirAsia plane is pictured on the tarmac at Malaysias Kuala Lumpur International Airport August 27, 2016. REUTERS/Edgar Su
KUALA LUMPUR: AirAsia Bhd expects to sell its aircraft-leasing unit as early as December as the largest customer for Airbus Group SE’s single-aisle jets aims to net as much as US$1bil (RM4.05bil) from the transaction and pare debt.
Proceeds from the sale may be used to reduce debt or pay a dividend, group chief executive officer Tan Sri Tony Fernandes said in a Bloomberg Television interview.
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