September 8, 2016 / 2:09 AM / a year ago

AirAsia appoints Stephane Daillencourt as CEO of leasing unit

The logo of Malaysia's low-cost airline AirAsia Berhad is pictured on a structure as its staff undergo training at its academy in Sepang outside Kuala Lumpur September 13, 2013. REUTERS/Bazuki Muhammad

KUALA LUMPUR (Reuters) - AirAsia Berhad (AIRA.KL), Asia’s biggest budget airline, on Thursday appointed Stephane Daillencourt as the chief executive of its leasing unit, effective Nov. 1.

Last month, AirAsia said it was considering options for its leasing arm, Asia Aviation Capital, including a potential sale. Reuters has reported that AirAsia values the leasing unit at 4.1 billion ringgit ($1.01 billion).

Daillencourt was most recently at GE Capital Aviation Services Ltd (GECAS), the commercial aircraft leasing and financing arm of U.S. conglomerate General Electric (GE.N).

Reporting by A. Ananthalakshmi; Editing by Michael Perry

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