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29-May-2015 12:03 PM

AirAsia Group to enter sale and leaseback agreements for up to 16 aircraft

AirAsia Group CEO Tony Fernandes said (28-May-2015) the carrier mandated three lessors for the sale and leaseback of up to 16 older aircraft, potentially generating gross proceeds of USD400 million and cash upfront of USD60 million. The carrier closed eight sale and leaseback transactions to date, delivering cash upfront of USD30 million in 2Q2015. [more - original PR]

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