103 / 396
In 2018, we aim to receive 23 new aircraft
– 13 Airbus A320neo and 10 Airbus
A320ceo – for further Group expansion.
These aircraft will be financed via sale
and leaseback for tenures between 12 and
15 years. In addition, we seek to return
three leased Airbus A320ceo aircraft
from AirAsia Philippines to the third-party
lessors and have sourced four more
aircraft – two used Airbus A320neo and
two used Airbus A320ceo – from lessors to
increase our net fleet growth to 24 aircraft.
Capital Structure
On 26 January 2017, we completed the
issuance of 559,000,000 new ordinary
shares of RM0.10 each in AirAsia Berhad
to Tune Live Sdn Bhd at an issue price of
RM1.80 per share. As a result, we raised a
total of RM1,006.20 million.
Dividend Policy
In 2013, the Group announced a dividend
policy of paying an annual dividend of up
to 20% of our net operating profit (as per
the audited financial statements of AirAsia
Berhad), rounded to the nearest whole sen,
provided this would not be detrimental to
our cash flow requirements. We have to
date fulfilled this policy; and during the
financial year 2017, paid a dividend of 12
sen per share for the financial performance
of 2016, and another 12 sen per share as
interim dividend for the financial year 2017.
The total dividend paid represents a 7%
yield based on the share closing price of
RM3.35 as at 31 December 2017.
We have also committed to a biennial
distribution of special dividends from the
monetisation of non-core assets. Having
monetised our ground handling services
in an agreement with SATS, we intend to
declare a special dividend in 2018.
DIVIDEND OF
24
SEN
PER SHARE PAID IN
FINANCIAL YEAR 2017
[ ]
AirAsia Group Berhad
PERSPECTIVE
91