Asia/Pacific

AirAsia sells 25 aircraft to Castlelake for $768 million

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AirAsia sells 25 aircraft to Castlelake for $768 million

AirAsia has sold 25 aircraft to Castlelake for $768 million, which the company hopes will free up cash for its digital business plans. AirAsia Group CEO Tan Sri Tony Fernandes tweeted a statement, which read: “Selling our aircraft monetises all our aircraft at high prices and avoids residual risk,...

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