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, 14 May 2018, 29 June 2018, 19 July 2018, 8 August 2018 and 3 September 2018 ("Announcements") and the Circular to Shareholders dated 27 April 2018 shall apply herein.
We refer to the Announcements in relation to the Proposed Disposals.
The Company wishes to announce the completion of the transfer of an additional number of aircraft pursuant to the Incline B SPA and the FLY SPA on 27 and 28 September 2018. The total number of aircraft involved under the abovementioned transfer is 19 aircraft and AAGB has received USD233.5 million in gross proceeds. To date, the cumulative number of aircraft transferred is 73 aircraft and AAGB has already received gross proceeds totalling USD936.6 million.
AAGB is optimistic that the transfer of the last 11 aircraft and 14 spare engines under the Proposed Disposals in order to complete the Incline B SPA and the FLY SPA will take place on or before 31st October 2018. A further announcement will be made accordingly.
This announcement is dated 1 October 2018.
|Company Name||AIRASIA GROUP BERHAD|
|Date Announced||01 Oct 2018|
|Category||General Announcement for PLC|