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.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
