KUALA LUMPUR: AirAsia Bhd is not in a hurry to dispose of its leasing arm Asia Aviation Capital Ltd, which has been valued at US$1bil (RM4.46bil), but it is optimistic of concluding the deal by this year. In line with efforts to dispose of non-core assets, Fernandes said the group was looking into divesting non-core investments for high returns. With huge growth in terms of passenger services, he said the group intends to add 29 planes a year. Meanwhile, the group’s ancillary income is projected to be the next growth engine for the company, supported by its dynamic pricing system and duty free, and BigPay, AirAsia’s financial services company. Among other topics discussed during the closed-door session was AirAsia’s aim to be a growth stock in terms of profits and a dividend income stock.

Source: The Star July 26, 2017 23:26 UTC