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2018-03-01 15:06 | Report Abuse
SEPANG, 1 March 2018 - AirAsia Berhad today announced it has agreed with BBAM Limited
Partnership (BBAM), one of the world’s largest dedicated managers of investments in commercial jet
aircraft, to sell its aircraft leasing operations.
Asia Aviation Capital Ltd, a wholly-owned subsidiary of AirAsia Berhad, has entered into agreements to
sell its aircraft leasing operations to BBAM-managed entities for a total disposal consideration of US$1.18
billion, valuing the business at an enterprise valuation of US$2.85 billion.
Under the terms of the agreements, FLY Leasing Limited (FLY), Incline B Aviation Limited Partnership
(Incline) and Nomura Babcock and Brown (NBB) will acquire a portfolio of 84 aircraft and 14 engines of
which 79 Aircraft and 14 engines will be leased back to AirAsia and its affiliates. FLY and Incline have also
entered into agreements to acquire 48 aircraft to be delivered to AirAsia Berhad and an option to acquire
a further 50 aircraft to be delivered.
As part of the disposal consideration, AirAsia Berhad will also receive non-cash considerations comprising
of US$50 million in FLY American Depositary Shares (ADSs), resulting in AirAsia Berhad owning
approximately 10.2% of FLY. AirAsia Berhad will also commit US$50 million into Incline Parallel Funds,
which will invest alongside the Incline Aviation Master Fund in global aviation investments. As a result of
the disposal, AirAsia Berhad is expected to recognise a gain on sale of approximately RM967.1 million.
AirAsia Group CEO Tony Fernandes said, “Today’s sale is much in line with our stated strategy of
disposing non-core assets and businesses, an undertaking which we have successfully executed over the
last six months – starting with our training centre, ground handling unit and now our leasing unit – and
unveiling the true value of AirAsia.
“When we bought these planes, our gearing was high and some people could not see why we wanted to
own these assets. This deal shows it was the right strategy as we have something of value to dispose in
return for cash and an equity relationship in two great companies, while removing residual risks.
“This is a perfect outcome to a strategy we started in 2004 and I’m thrilled at the execution of our longterm
vision. We have now disposed of most of our physical non-core assets and we are thrilled to be
embarking on our new digital strategy which will build a very valuable group of assets.”
2018-03-01 15:04 | Report Abuse
AirAsia Sells Aircraft Leasing Operations for US$1.18 Billion
2018-01-05 18:34 | Report Abuse
heard big players still inside , not run yet.
2018-01-02 17:50 | Report Abuse
DRB price at Jan 2017 only 1.14 , 29dec 2017 @ 1.83 up 69sen (60%)
Jan 2017 open at 1.83 , dec 2018 ?, if 60% up is RM2.93
Question : Can DRB perform worst than 2017 after Cina take 49% Proton or Pouton?
RHB Target Price is Rm2.56. CIMB tp 2.35
-Ve : Always 1 day show based on past records...be carful !!
2018-01-02 16:54 | Report Abuse
If Proton launch Bayou 2k cc (Remimbi 99000) before CHR toyota rm145k , can DRB fly?
DRB .... HUAT ah Ong ah Heng ah
2017-10-19 18:30 | Report Abuse
from 2.11 to 2.30 not much resistance according to cost distribution indicator.
2017-10-19 18:21 | Report Abuse
Dont forget this MIDF target price then....rm3.21 pershare
http://www.theborneopost.com/2016/04/07/supermaxs-expansion-plan-well-...
hope the bride is ........Supermx , come along with Supermx Glove City project
Remember its shoot up to rm3.40 in 14/1/2016 and retraced to rm1.70 (9/2017),
but still profit for the last 10 quarters , average net profit 22.3mil perQtr
EPS for accum 10 qtrs 33 sen, share price rm1.90 as 6/2015
Accumulated 10 qtrs diveden paid 22.5sen plus coming 3 sen- 10/2017
19/10/2017 18:17
2017-10-19 18:17 | Report Abuse
Dont forget this MIDF target price then....
http://www.theborneopost.com/2016/04/07/supermaxs-expansion-plan-well-under-way/
hope the bride is ........Supermx , come along with Supermx Glove City project
Remember its shoot up to rm3.40 in 14/1/2016 and retraced to rm1.70 (9/2017),
but still profit for the last 10 quarters , average net profit 22.3mil perQtr
EPS for accum 10 qtrs 33 sen, share price rm1.90 as 6/2015
Accumulated 10 qtrs diveden paid 22.5sen plus coming 3 sen- 10/2017
2015-12-21 12:45 | Report Abuse
Hi, HK wong, can let us know where you get tht info...can show? thank you very much
Hk Wong: Spritzer is indeed very honoured to be affirmed by the US Army of the high quality and safety of her natural mineral water
04/11/2015 11:30
Hi, Shinado... i support you & agree with your views,,,,wait QR....shld be Good > 8m..
hopefully. consider production cost of bottles reduce and revenue increase..
2015-11-13 10:36 | Report Abuse
C1 last day trade on 26 Nov , 3 wdays before 1/12.
The sept result expect to be good bcos june result the exchange gains
not so much USD/rm 3.xx, but after june gone up to usd/rm 4.xx .
and factory 10 & 11 not start production yet, but now shld start op
Stanly(boss) shld help his supporters by giving us red packets this xmas , bcos someone out there hate him so much and want his company to go bust ...Stanly, we support you, you support us! Proof them wrong, ask them to eat banana
2015-11-12 15:42 | Report Abuse
heard foreigner bought 5% superman, worth rm70 over millions
2015-11-12 14:30 | Report Abuse
hi danielcctan
where can see results? out aldy? thanks
2015-11-12 14:11 | Report Abuse
Note: If most retailers threw to big player, meaning they will stuck with our stocks or they will keep goreng some more to upset us ....
how about the saying :let the profits run but cut the losses short?
based on the PE 22X ...it should worth more, look like only bad quarterly results can pull Supermx down, anyone have ideas QR will be good like other glove stocks?
Stock: [N2N]: N2N CONNECT BHD
2021-04-27 12:57 | Report Abuse
high volumn... may go up beyond 90sen..after wash out chicken feet