Proposed Disposal By AAGB Of 100.0% Equity Interest Each In The Merah Aviation Entities To As Air Lease Holdings 5T DAC, An Entity Indirectly Controlled By Castlelake, L.P.
AIRASIA GROUP BERHAD ("AAGB" OR THE "COMPANY")
PROPOSED DISPOSAL BY AAGB OF 100.0% EQUITY INTEREST EACH IN THE MERAH AVIATION ENTITIES TO AS AIR LEASE HOLDINGS 5T DAC, AN ENTITY INDIRECTLY CONTROLLED BY CASTLELAKE, L.P.
Unless otherwise defined, the abbreviations and definitions used in the announcements by the Company dated 24 December 2018, 11 March 2019, 29 March 2019, 15 May 2019, 20 June 2019, 17 July 2019 and 26 July 2019, and the Circular to Shareholders dated 17 April 2019 shall apply herein.
The Company wishes to announce that the disposal by AACL to the Purchaser of its entire equity interest in Merah Aviation Asset Holding Five Limited, which holds five Aircraft Assets, was completed on 7 August 2019 with the Company receiving USD182.17 million in gross proceeds. Pursuant thereto, the Board is pleased to announce the completion of the Proposed Disposal, with the Company receiving gross proceeds totaling USD739.44 million.
This announcement is dated 8 August 2019.
|Company Name||AIRASIA GROUP BERHAD|
|Date Announced||08 Aug 2019|
|Category||General Announcement for PLC|