Asia Aviation Capital Limited stands poised to benefit from parent company AirAsia Berhad’s recent deal for 100 Airbus A321neo aircraft, with 30% of the order expected to be allocated to the wholly-owned leasing unit.
The aircraft order, valued at $12.6 billion based on list prices, was announced at Farnborough Airshow last week. It is the first order placed by AirAsia Berhad for the largest model in the best-selling A320 Family, which can seat up to 240 passengers in a single-class layout.
Asia Aviation Capital principal officer and director Rozman Omar said, “We welcome the purchase of the A321neo by AirAsia. The aircraft promises incredible economics and will help grow the leasing company as we continue to build our lease portfolio to AirAsia affiliates and third-party airlines.
“We have also identified a likely chief executive officer with decades of experience in the aircraft leasing industry and a chief financial officer who is very knowledgeable about aircraft financing as we lead Asia Aviation Capital into the growth phase.”