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AirAsia Gets $1 Billion Offer to Acquire Leasing Company

  • Offer in region of $1 billion, bid is preliminary: Group CEO
  • AirAsia intends to divest asset at some point, Fernandes says
Bloomberg business news

Spreading Its Wings: AirAsia's Growth Plan

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AirAsia Bhd. received an offer valued at about $1 billion for its aircraft-leasing business, Chief Executive Officer Tony Fernandes said, prompting the shares to reach a new 14-month high in Kuala Lumpur trading.

Asia’s biggest discount carrier intends to divest the fully-owned unit called Asia Aviation Capital Ltd. at some point, Fernandes said in an interview with Bloomberg Television Monday. The company needs to further discuss the offer with the board, he said, without identifying the bidder.