Posted: 07 September 2004
A-Sonic expands into aircraft sale and leaseback
By Chan Hwa Loon, Channel NewsAsia
SINGAPORE : Aircraft and avionics retrofitting firm A-Sonic Aerospace is expanding into aircraft sale and leaseback.

It announced on Tuesday that it has completed the sale of two narrow-bodied Boeing planes and expects to wrap up the sale of a third one by end November this year.

The total sale price of the three aircraft is S$12.2 million.

Just last week, A-Sonic said its bid to invest in Australian low-cost carrier SkyWest was back on track, after regulators in that country gave the go-ahead for a takeover.

Aircraft sale and leaseback would be one more business A-Sonic could do with the budget carrier. - CNA