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 "COMPANY") PROPOSED DISPOSAL BY AAGB OF 100.0% EQUITY INTEREST IN MERAH AVIATION ASSET HOLDING LIMITED TO AS AIR LEASE HOLDINGS 5T DAC, AN ENTITY INDIRECTLY CONTROLLED BY CASTLELAKE, L.P.
On behalf of the Board of Directors of AAGB (“Board”), RHB Investment Bank Berhad wishes to announce that Asia Aviation Capital Limited (“AACL”), an indirect wholly-owned subsidiary of AAGB had on 24 December 2018 entered into a share purchase agreement (“SPA”) with AS Air Lease Holdings 5T DAC (“Purchaser”) and AS Air Lease 8 (Offshore) LP (“Purchaser Guarantor”), both entities indirectly controlled by Castlelake, L.P. (“Castlelake”), for the proposed disposal by AACL to the Purchaser of its entire equity interest in Merah Aviation Asset Holding Limited (“Merah Aviation”), which will own twenty-five (25) aircraft ("Aircraft Assets") to be leased to AirAsia Berhad (“AAB”), a direct wholly-owned subsidiary of AAGB, for an aggregate consideration of USD768.0 million (approximately RM3,216.4 million), subject to terms and conditions as stipulated in the SPA (“Base Purchase Price”) (“Proposed Disposal”).
AACL had also on even date entered into a sale and leaseback agreement (“SLB Agreement”) with the Purchaser for the proposed sale by AACL to the Purchaser and leaseback of four (4) new aircraft ("SLB Aircraft") in 2019 for a purchase consideration to be determined at a later date, depending on the final date of delivery and price escalation adjustments of each SLB Aircraft (“SLB Sale Consideration”) ("Proposed SLB").
Please refer to the attachment below for the announcement.
This announcement is dated 24 December 2018.
|Company Name||AIRASIA GROUP BERHAD|
|Date Announced||24 Dec 2018|
|Category||General Announcement for PLC|
Please refer attachment below.
- AAGB_-_Announcement_(241218).pdf (Size: 574,141 bytes)