{"id":89462,"date":"2016-11-02T10:58:47","date_gmt":"2016-11-02T10:58:47","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=89462"},"modified":"2016-11-02T10:58:47","modified_gmt":"2016-11-02T10:58:47","slug":"airasia-talking-to-several-potential-buyers-for-leasing-unit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airasia-talking-to-several-potential-buyers-for-leasing-unit\/","title":{"rendered":"AirAsia talking to several potential buyers for leasing unit"},"content":{"rendered":"<p>AirAsia Bhd, Asia&#8217;s largest budget airline, has attracted interest in the sale of its aircraft leasing unit and hopes to complete the transaction early next year, a senior executive said on Wednesday. <\/p>\n<p>In a recent presentation, AirAsia, co-founded by entrepreneur Tony Fernandes, valued the wholly owned leasing arm at 4.1 billion ringgit ($1 billion) and said it aimed to attract an equity investor by year-end. The airline recently pegged the leasing firm&#8217;s portfolio at 55 jets.<\/p>\n<p>&#8220;We are looking for an investor for between 75 and 100 percent &#8230; depending on investor appetite. That process will take I would say three-four months,&#8221; Simon Perkins, finance director of Asia Aviation Capital, the leasing unit of AirAsia, told the Airline Economics conference in Hong Kong on Wednesday. <\/p>\n<p>A successful deal would help AirAsia bolster finances and cut debt built up after years of rapid growth. <\/p>\n<p>Perkins said several potential buyers had signed confidentiality agreements allowing detailed talks, including some interested in the whole portfolio. <\/p>\n<p>&#8220;There is quite a strong appetite out there, stronger than I thought it would be,&#8221; said Perkins. &#8220;Hopefully we will get to a conclusion in the first quarter or second quarter of next year.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AirAsia Bhd, Asia&#8217;s largest budget airline, has attracted interest in the sale of its aircraft leasing unit and hopes to complete the transaction early next year, a senior executive said on Wednesday. In a recent presentation, AirAsia, co-founded by entrepreneur Tony Fernandes, valued the wholly owned leasing arm at 4.1 billion ringgit ($1 billion) and said it aimed to attract an equity investor by year-end. The airline recently pegged the leasing firm&#8217;s portfolio at 55 jets. &#8220;We are looking for an investor for between 75 and 100 percent &#8230; depending on investor appetite. That process will take I would say [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-89462","post","type-post","status-publish","format-standard","hentry","category-civil-aviation"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/89462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=89462"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/89462\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=89462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=89462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=89462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}