Posts in Global
AirAsia Group Berhad sells Merah Aviation in US$768 million transaction with Castlelake

AirAsia Group Berhad (AAGB), Asia’s leading low-cost carrier has, via Asia Aviation Capital Limited (AACL), its indirect wholly-owned subsidiary, entered into agreements to sell Merah Aviation Asset Holding Limited (Merah Aviation), which will comprise 25 existing aircraft to be leased to AirAsia Berhad, to AS Air Lease Holdings 5T DAC, an entity indirectly controlled by Castlelake LP (Castlelake) in a deal valued at US$768 million.

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