Bursa Filings
Proposed Disposal By AAGB Of 100.0% Equity Interest Each In The Merah Aviation Entities To As Air Lease Holdings 5T DAC, An Entity Indirectly Controlled By Castlelake, L.P.
| Type | Announcement |
| Subject | OTHERS |
| Description |
AIRASIA GROUP BERHAD ("AAGB" OR THE "COMPANY") PROPOSED DISPOSAL BY AAGB OF 100.0% EQUITY INTEREST EACH IN THE MERAH AVIATION ENTITIES TO AS AIR LEASE HOLDINGS 5T DAC, AN ENTITY INDIRECTLY CONTROLLED BY CASTLELAKE, L.P. |
Unless otherwise defined, the abbreviations and definitions used in the announcements by the Company dated 24 December 2018, 11 March 2019, 29 March 2019, 15 May 2019, 20 June 2019 and 17 July 2019, and the Circular to Shareholders dated 17 April 2019 shall apply herein.
The Company wishes to announce that the disposal by AACL to the Purchaser of its entire equity interest in Merah Aviation Asset Holding Four Limited, which holds five Aircraft Assets, was completed on 25 July 2019 with the Company receiving USD209.02 million in gross proceeds. To date, the Company has received gross proceeds totaling USD557.27 million under the Proposed Disposal.
This announcement is dated 26 July 2019.
Announcement Info
| Company Name | AIRASIA GROUP BERHAD |
| Stock Name | AIRASIA |
| Date Announced | 26 Jul 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-26072019-00005 |