AirAsia upbeat about concluding Asia Aviation deal by this year
27 Jul 2017 20:06:15
thestar.com.my
AirAsia Bhd is not in a hurry to dispose of its leasing arm Asia Aviation Capital Ltd, which has been valued at US$1bil (RM4.46bil), but it is optimistic of concluding the deal by this year.
Group chief executive officer Tan Sri Tony Fernandes said: “We have maintained our position that we are going to sell it, but we do not want to be burdened with extra costs.”
“We are working on the details to have the best deal and we are confident that it will be done this year,” he told reporters on the sidelines of Invest Malaysia Kuala Lumpur 2017 yesterday.
In line with efforts to dispose of non-core assets, Fernandes said the group was looking into divesting non-core investments for high returns.
Read full story: thestar.com.my
