AirAsia expects binding bids by March

Fernandes: ‘Our gearing is very low anyway but I always like to have more cash than less cash.’

DAVOS: AirAsia Bhd, South-East Asia’s biggest discount carrier, expects to get binding bids for its aircraft-leasing unit by March, group chief executive officer Tony Fernandes said.

The airline expected to close the deal this year and the board would decide whether to use the proceeds to pare debt or pay a dividend, Fernandes said in a Bloomberg Television interview in Davos, Switzerland, while attending the World Economic Forum.