Reuters reported AirAsia has received bids from China Merchants Bank, Ping An Insurance Group and several other firms for its Asia Aviation Capital leasing unit.
Reuters noted that AirAsia values its aircraft leasing unit at $1 billion and is looking for buyers to take a majority stake.
According to one of Reuters’ sources, AirAsia is getting heavy interest from North Asian firms and Asian funds that want long-term exposure to the leasing industry.
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