Friday, 3 June 2016

Aircraft leasing back in vogue

AirAsia Bhd group chief executive officer Tan Sri Tony Fernandes is riding on the exuberance of the aircraft leasing business to ponder on a deal worth US$1bil for its wholly-owned aircraft leasing company Asia Aviation Capital (AAC), which owns 43 aircraft and will add some fuel-efficient A320neos to its list.

The latest deal in the aircraft leasing business was the listing of Singapore-based BOC Aviation Ltd on the Hong Kong Stock Exchange this week, which had fetched valuations of about US$3.8bil.

It is the biggest lessor of planes in the region, owning and managing 270 aircraft and making profits in each of its 22-year history.

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