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U.S. fund Castlelake to buy planes from AirAsia in $800 million deal: sources

December 11, 2018 7:34 AM
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SINGAPORE (Reuters) - U.S. private investment firm Castlelake LP has struck a deal to buy a portfolio of about 30 narrowbody planes from AirAsia Group Bhd (AIRA.KL) for a total price of roughly $800 million, people familiar with the transaction said.

The deal underscores the strong appetite of funds to invest in the global aircraft leasing sector, which is benefiting from growing demand on the back of a rise in low-cost carriers and passenger traffic.

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