AirAsia to sell Malaysia aircraft leasing unit

Credit: Joe Pries Aviation
AirAsia Berhad has announced a deal to sell its Malaysia-based aircraft leasing unit Asia Aviation Capital (AAC) to aircraft investor BBAM for $1.18 billion.The AAC portfolio of 84 aircraft and 14 engines will be acquired by BBAM-managed entities FLY Leasing Ltd., Incline B Aviation Ltd. Partnership...

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