News


Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

BackMar 01, 2018
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

AIRASIA BERHAD ("AAB" OR THE "COMPANY") PROPOSED DISPOSAL BY AAB OF ITS AIRCRAFT LEASING OPERATIONS

AAB proposes to divest its aircraft leasing operations that are currently undertaken by Asia Aviation Capital Limited (“AACL”), a wholly-owned subsidiary of AAB, to entities managed by BBAM Limited Partnership for a disposal consideration of USD1,185.0 million (approximately RM4,619.7 million) on the back of an enterprise value of USD2,846.2 million (approximately RM11,095.9 million) ("Proposed Disposals"). In this regard, on behalf of the Board of Directors of AAB, RHB Investment Bank Berhad wishes to announce that sale and purchase agreements relating to the Proposed Disposals have been entered into by AACL for the disposal of its entire equity interest in its 4 wholly-owned subsidiaries and aircraft assets on 28 February 2018.

Please refer to the attachments below for the announcement and the press release for the Proposed Disposals.

This announcement is dated 1 March 2018.



Please refer attachment below.

 


Announcement Info

Company Name AIRASIA BERHAD
Stock Name AIRASIA
Date Announced 01 Mar 2018
Category General Announcement for PLC
Reference Number GA1-28022018-00209

Attachments

  1. AAB_-_Proposed_Disposals.pdf (Size: 710,908 bytes)
  2. Press_Release.pdf (Size: 87,135 bytes)