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17-May-2018 9:16 AM

AirAsia shareholders approve sale of Airbus narrowbodies to Fly Leasing

Fly Leasing (FLY) announced (16-May-2018) AirAsia Group shareholders approved all agreements relating to the lessor's acquisition of 55 Airbus narrowbody aircraft and seven CFM International engines on operating lease, and the option to purchase an additional 20 A320neo family aircraft. The shareholders approved the agreements on 14-May-2018, at the company's annual general meeting, granting the final approval needed to complete the acquisition. FLY CEO Colm Barrington said: "The addition of these aircraft and engines will grow FLY's fleet significantly and will drive improved returns for our shareholders. We look forward to completing the transfer of the 34 aircraft and seven engines that comprise the initial part of the transaction by the end of the third quarter". [more - original PR]

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