AirAsia receives US$56.83 million from Fly/Carlyle deal

AirAsia Group Berhad (AAGB) has received gross proceeds of US$ 56.83 million (MYR 239.98 million) from the merger between Fly Leasing Limited (Fly Leasing) and Carlyle Aviation Partners. Prior to the completion of the merger between Fly Leasing and Carlyle Aviation Partners, AAGB held 3,333,333 shares of Fly Leasing, representing approximately 10.94% of common shares in the company. The Fly Leasing shares were acquired by AAGB on 30 August 2018 as part of a cash-in-kind consideration for the earlier divestment of AAGB’s aircrafts leasing operations undertaken by Asia Aviation Capital Limited to entities managed by BBAM Limited Partnership. AirAsia Group