AirAsia leases another aircraft to AirAsia India

AirAsia Berhad entered (23-Apr-2015) into a leasing transaction in relation to an A320-200 aircraft (MSN 4070) to be operated by AirAsia (India) Private Limited. AirAsia India will pay a total consideration of USD1,920,000 for the term of the agreement, which is for six months. The company had also entered into two other leasing transactions with AirAsia India in relation to aircraft bearing MSN 5824 on 11-Dec-2014, and MSN 3448 on 23-Jan-2015 respectively. For MSN 5824, AirAsia India will pay a total consideration of USD19,849,500, consisting of monthly lease payments of USD330,825 for the 60-month term of the agreement. For MSN 3448, AirAsia India will pay a total consideration of USD10,032,750, consisting of monthly lease payments of USD278,687.50 for the 36-month term of the agreement. AirAsia said: "The company currently leases aircraft to the other joint venture (JV) airlines within the AirAsia Group in its ordinary course of business, and in line with AirAsia's growth strategies, the fleet expansion of AirAsia India would help to maximise the route opportunities in South Asia". [more - original PR]