Malaysia's AirAsia values leasing arm at $1b

Malaysia's AirAsia values leasing arm at $1b

Capital A CEO Tony Fernandes speaks during a group news conference in Tokyo July 1, 2014. REUTERS/Issei Kato

AirAsia Bhd, Asia’s biggest low-cost airline, values its wholly owned leasing arm at 4.1 billion ringgit ($1 billion), and aims to attract an equity investor to the unit by end-2016, it said in a presentation to analysts.

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