Malaysia’s AirAsia sells aircraft leasing unit for $1.2b

A member of ground staff walks under the wing of an AirAsia plane at Kota Kinabalu airport, Malaysia, November 30, 2015. REUTERS/Olivia Harris/Files

AirAsia Bhd, Malaysia’s flagship budget airline, said on Thursday it has agreed to sell its aircraft leasing operations for $1.2 billion to firms managed by BBAM Limited Partnership.

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