Hong Kong: AirAsia Bhd, the region’s biggest discount carrier, received an offer valued at about $1 billion (Dh3.67 billion) to buy its aircraft-leasing company amid a surge in the business in the continent.
The shares gained to the highest level in more than a year. The airline intends to divest the business at some point, Group Chief Executive Officer Tony Fernandes said in an interview with Bloomberg Television Monday. The offer for Asia Aviation Capital Ltd, the leasing company that’s fully owned by AirAsia, needs to be discussed further with the board, Fernandes said, declining to offer further details. “We actually had an offer to buy it and I think this is a very powerful cash generator,” Fernandes said. “At some point, we will divest in this asset. There’s tremendous value and cash equation there.”
