Asia Aviation Capital to gain from AirAsia’s A321neo order

LABUAN: Aircraft leasing company Asia Aviation Capital Ltd will receive 30% of parent company AirAsia Bhd’s recent deal for 100 Airbus A321neo aircraft.
The aircraft order, valued at US$12.6 billion (RM50.12 billion) at list prices, was announced at the Farnborough Airshow last week. It is the first order placed by AirAsia for the largest model in the best-selling A320 family, which can seat up to 240 passengers in a single-class layout.
Asia Aviation Capital principal officer and director Rozman Omar said the aircraft promises incredible economics and will help grow the leasing company as it continues to build its lease portfolio to AirAsia affiliates and third-party airlines.
Asia Aviation Capital currently owns or finances a fleet of more than 55 Airbus A320 commercial aircraft, primarily leased to AirAsia affiliates outside Malaysia. The unit is also expected to receive additional 100 Airbus A320 aircraft, which will bring its total fleet of A320 to 155.