Differing values of the new AirAsia

AT the end of this month, shareholders of AirAsia Bhd will receive a 90-sen bumper dividend, the best ever paid out by the low-cost carrier since it started on an asset-light strategy two years ago.

Since 2017, AirAsia, which has prevailed despite the problems plaguing the industry, has paid out 88 sen per share to its shareholders. If the 90-sen dividend is included, the payout comes up to a total of RM1.78 sen per share.

The dividends are the result of AirAsia embarking on the sale and leaseback of its fleet of aircraft. Last year, 79 planes were sold to and leased back from BBAM Ltd Partnership, while another 25 planes are to come under a similar arrangement with Castlelake Ltd Partnership by the end of the third quarter.

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