Asset monetisation: A file picture showing an AirAsia Airbus A320-200 plane arriving at KLIA2 in Sepang. AirAsia says its deal with Castlelake marks another move to monetise its assets. — Reuters
PETALING JAYA: AirAsia Group Bhd is disposing of 25 aircraft to US private investment firm Castlelake LP in a deal worth US$768mil (RM3.22bil).
Castlelake will also purchase four new aircraft that will be delivered to AirAsia in 2019, the airline said in a statement. The 29 planes – Airbus’ A320-200ceo and A320neo – will be leased back to AirAsia.
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