According to Bloomberg, AirAisa CEO Tony Fernandes said that the company received an offer valued at roughly $1 billion for its aircraft-leasing business.
Fernandes told Bloomberg that the airline plans on divesting the unit, called Asia Aviation Capital, “at some point.”
Bloomberg reported that this announcement led to a 14-month high for shares of AirAsia in Kuala Lumpur trading.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!
Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]
Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com
