News


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

BackOct 31, 2018
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

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, 3 September 2018, and 1 October 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 transfers of six aircraft and 14 aircraft engines during the period from 23 October 2018 to 30 October 2018 pursuant to the Incline B SPA and the FLY SPA. Also as part of the Proposed Disposals, the Company has also completed the Red 4 Sale Share by AACL to Fly Acquisition III Limited on 25 October 2018. For this latest batch of transfers, the gross proceeds received amounted to US$148.89 million.

This announcement is dated 31 October 2018.

Announcement Info

Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA
Date Announced 31 Oct 2018
Category General Announcement for PLC
Reference Number GA1-31102018-00054