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

AirAsia appoints Stephane Daillencourt as CEO of leasing unit

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.

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

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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