A dividend may also cheer investors who were rewarded with a 78% rally in the shares in 2016, the best in six years. The asset had received an offer valued at about US$1 billion, Fernandes had said in May. Established in 2014, Asia Aviation Capital had a fleet of 59 planes as of end-September, leased primarily to the parent’s affiliates. The unit will receive an additional 100 Airbus A320 aircraft and get some A321neos were ordered last year. Asia Aviation Capital manages aircraft leased to affiliates outside Malaysia, including Thai AirAsia Co, PT Indonesia AirAsia and AirAsia India Pvt, according to filings in 2014.

Source: The Edge Markets January 18, 2017 03:29 UTC