AirAsia gets shareholder nod to sell plane portfolio to Castlelake

An AirAsia baggage handler drops a bag on the tarmac at Kuala Lumpur International Airport in Sepang, Malaysia, June 17, 2015. REUTERS/Olivia Harris

Malaysia-based low-cost carrier AirAsia Group Bhd has received shareholders’ approval for the disposal of 25 aircraft to US private investment firm Castlelake for $768 million, according to its CEO Tony Fernandes.

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