AirAsia To Launch Sale Of Stake In Leasing Arm: Report

Singapore: AirAsia, Asia's biggest budget airline, will kick off the sale of a majority stake in its plane leasing unit this month, a deal that could value the business at about $1 billion, people familiar with the matter told Reuters. The Malaysia-based carrier, headed by tycoon Tony Fernandes, has hired three investment banks to run the sale of the Asia Aviation Capital stake, the people said. They declined to be identified as the...