Deals
AirAsia May Consider Dividend After Sale of Plane-Leasing Unit
- Happy with the non-binding bids received so far: Fernandes
- Carrier may pay dividend or pare debt with sale proceeds
Airasia CEO on Leasing Unit Sale, China Expansion
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AirAsia Bhd., the region’s biggest budget airline, is likely to use most of the proceeds from a proposed sale of its aircraft-leasing arm to pay a dividend, its chief executive officer said in an interview.
The airline expects to get binding bids for the unit by March and close the deal by summer, Group CEO Tony Fernandes, 52, said in a Bloomberg Television interview with Francine Lacqua in Davos, Switzerland, while attending the World Economic Forum. The board of the Sepang, Malaysia-based carrier will take the final call on whether to use the proceeds to pare debt or pay a dividend, he said.