flee 5 Report post Posted March 1, 2018 It took a long time but this is the deal: https://twitter.com/AzizLaikar/status/969019835005919232 Press release: http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=85512&name=EA_GA_ATTACHMENTS Details: http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=85513&name=EA_GA_ATTACHMENTS Share this post Link to post Share on other sites
flee 5 Report post Posted March 1, 2018 AirAsia clinches deal to sell planes portfolio for $1.2 billion KUALA LUMPUR/SINGAPORE (Reuters) - AirAsia Bhd is selling up to 182 Airbus jets to firms managed by BBAM Ltd, one of the world’s largest aircraft lessors, in a $1.2 billion (873 million pounds) deal that will help the Malaysia-based airline cut debt and give it firepower to expand further. See: https://uk.reuters.com/article/uk-airasia-fly-leasing/airasia-clinches-deal-to-sell-planes-portfolio-for-1-2-billion-idUKKCN1GD3LZ Share this post Link to post Share on other sites
flee 5 Report post Posted March 1, 2018 AirAsia Slashes Its Parachute With Mystifying Plane Sale See: https://www.bloombergquint.com/opinion/2018/03/01/airasia-slashes-its-parachute-with-sale-of-planes Share this post Link to post Share on other sites
flee 5 Report post Posted March 2, 2018 ANALYSIS: Old money trumps new for AirAsia’s leasing sale https://www.flightglobal.com/news/articles/analysis-old-money-trumps-new-for-airasias-leasing-446349/ Share this post Link to post Share on other sites
KK Lee 5 Report post Posted March 6, 2018 Sell and lease back, improve balance sheet but increase opex. Opportunity for existing shareholders to cash out. Share this post Link to post Share on other sites
jani 0 Report post Posted March 7, 2018 Opportunity for existing shareholders to cash out. Bingo http://www.theedgemarkets.com/article/airasia-completes-rm1b-private-placement-major-shareholders AirAsia will declare a special dividend from the sale of the leasing arm, which essentially means this sale basically funded Tony and Kamaruddin's share purchase. Extremely smart businessmen. Share this post Link to post Share on other sites
KK Lee 5 Report post Posted March 7, 2018 Bingo http://www.theedgemarkets.com/article/airasia-completes-rm1b-private-placement-major-shareholders AirAsia will declare a special dividend from the sale of the leasing arm, which essentially means this sale basically funded Tony and Kamaruddin's share purchase. Extremely smart businessmen. It is basically part and parcel of corporate game of enrichment. could expect more re-structuring in the future. Share this post Link to post Share on other sites
flee 5 Report post Posted March 7, 2018 Yes, high flying executives seldom rest on the laurels. You will find them moving from one project to another - they seem to want to do everything but not focussing on one thing. But don't let them pull wool over your eyes. They want you to look at something while they are working on something else. That is one of the reasons why analysts don't get it while businessmen like them keep making more and more money! And best of all, they are doing it with other people's money! Share this post Link to post Share on other sites
flee 5 Report post Posted December 24, 2018 AirAsia sells 25 aircraft to Castlelake for RM3.2b KUALA LUMPUR (Dec 24): AirAsia Group Bhd is selling 25 aircraft to US-based global private investment firm Castlelake LP for US$768 million (RM 3.2 billion) This will be carried out via the sale of AirAsia Group's entire equity interest in Merah Aviation Asset Holding Ltd, held by the group’s indirect wholly-owned subsidiary Asia Aviation Capital Ltd (AACL), to AS Air Lease Holdings 5T DAC, an entity indirectly controlled by Castlelake. “In addition to the sale of shares of Merah Aviation, Castlelake will also purchase from AACL, a total of four new aircraft to be delivered in 2019,” the group said in a statement. More: http://www.theedgemarkets.com/article/airasia-sells-25-aircraft-castlelake-rm32b Share this post Link to post Share on other sites