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, and allows us to return cash to shareholders and invest in our new digital business. “Between accountants and analysts, investors get a raw deal. MFRS 16 had no impact of cash. I value companies on cash generation. Even with that standard and if you use profit and loss for analysis, the

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