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Home  >>   Daily News  >>Malaysia>>Companies>>AirAsia has had US$1b takeover offer for leasing unit: report
NEWS UPDATES Asean Affairs     31  May  2016  







AirAsia has had US$1b takeover offer for leasing unit: report

ASIA’S largest budget airline AirAsia Bhd has received a US$1 billion offer for its aircraft leasing unit, Bloomberg News quoted Chief Executive Tony Fernandes as saying.

AirAsia intends to divest the business, Asia Aviation Capital Ltd, at some point, Fernandes told Bloomberg the day before

yesterday but added that the offer needs to be discussed further with the board.

He was quoted as saying that the business was a “powerful cash generator”.

Reuters reported in October that AirAsia has been in talks with lessors, including cash-rich Chinese companies, to sell a stake in its leasing subsidiary.

Chinese companies are seeking to grow aggressively in the leasing industry that provides about 40 per cent of the planes used by airlines globally.

Following the Reuters report, AirAsia said late last year that it had received approaches from investors to co-invest in the leasing unit.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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