Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
AIRASIA GROUP BERHAD ("AAGB" OR THE "COMPANY") PROPOSED DISPOSAL OF AAGB'S AIRCRAFT LEASING OPERATIONS THAT INCLUDES THE PROPOSED FUTURE DISPOSALS AND PROPOSED OPTION
Unless otherwise defined, the abbreviations and definitions used in the announcements by the Company dated 1 March 2018, 27 March 2018 and 14 May 2018 ("Announcements") and the Circular dated 27 April 2018 shall apply herein.
We refer to the Announcements in relation to the proposal.
The Company wishes to announce that the Herondell Disposal has been completed on 28 June 2018 following completion of the transfers of Red 1 Sale Share from AACL, a wholly owned subsidiary of AAB to Herondell Limited on 15 May 2018 and delivery of the final SLB Aircraft on 28 June 2018.
The total number of aircraft under the Herondell SPA is 13 aircraft and AAGB has received gross proceeds of USD183.0 million in total from the Herondell Disposal.
AAGB is currently on schedule with the planned staggered disposals of the other remaining aircraft under Incline B SPA and FLY SPA.
This announcement is dated 29 June 2018.
|Company Name||AIRASIA GROUP BERHAD|
|Date Announced||29 Jun 2018|
|Category||General Announcement for PLC|