AirAsia completes transfer of 30 aircraft worth US$355mil as part of divestment plans
KUALA LUMPUR (July 19): AirAsia Group Bhd has transferred 30 aircraft with gross proceeds totalling US$355 million (approximately RM1.44 billion) as part of its divestment plan for its aircraft-leasing unit currently managed by wholly-owned subsidiary Asia Aviation Capital Ltd (AACL).
In a bourse filing, AirAsia said its latest transfer on July 18 involved 17 aircraft. It received US$17 million in gross proceeds, US$14.5 million of which went towards meeting the capital call by Incline B Aviation Ltd Partnership, of which AirAsia had earlier agreed to become a limited partner.
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KUALA LUMPUR (Aug 14): Ringgit drops for a third day and a gauge of expected volatility jumps as markets remain wary about further fallout from the Turkish crisis.
* USD/MYR gains as much as 0.1% to 4.0970
** Pair’s 1-month implied volatility rises 0.295 vol to 5.63
** Support for spot 4.0413, 4.0366, 4.0083; resistance 4.1093, 4.1230, 4.1355