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AirAsia is considering hiring BNP Paribas, Credit Suisse Group and RHB Capital to help sell its aircraft leasing unit as it plans to strengthen its finances.
AirAsia's shares have skidded as much as 13% as investors spooked by a report questioning the Malaysian budget carrier's accounting remained unconvinced.
AirAsia boss Tony Fernandes says he has not given up on finding more bodies from one of the airline's jets that crashed in the Java Sea last year, but flagged the hunt will draw to a close within weeks.
AirAsia X says a flight heading from Malaysia to Saudi Arabia has turned back shortly after take-off due to a technical problem, circling for hours to burn fuel before landing safely in Kuala Lumpur.
The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unorthodox procedure when his co-pilot apparently lost control, according to sources close to the investigation.
The French first officer of an AirAsia passenger jet that crashed into the sea last month was at the controls at the time of the accident, investigators say.
Hopes of finding 92 victims still missing from an AirAsia plane crash has faded as Indonesian search and rescue authorities say the remaining bodies could have been swept away or lost on the seabed.
Warning alarms in AirAsia flight QZ8501 were "screaming" as the pilots desperately tried to stabilise the plane just before it plunged into the Java Sea last month, a crash investigator says.
Indonesia will not release to the public a 30-day preliminary report detailing its investigation into the crash of an AirAsia passenger jet that killed all 162 people.
Indonesian investigators say they have found no evidence so far that terrorism played a part in the crash of AirAsia Flight QZ8501 that killed all 162 people on board last month.
AirAsia Bhd has received an offer valued at about $1bn for its aircraft-leasing business, prompting the shares to reach a new 14-month high in Kuala Lumpur trading.
Budget carrier AirAsia is planning an initial public offering for its Indonesian affiliate around the middle of next year and hopes to raise $300m.
Malaysia-based AirAsia's net profit has slid by nearly a quarter in 2014, dragged down by high operating costs and foreign exchange losses.
Engines of a TransAsia plane that crashed into a river in Taipei killing 35 people failed to produce enough thrust to the propellers for two minutes after take-off, authorities say.
The pilots of the AirAsia plane that crashed off Indonesia last month switched off a computer system shortly before the accident, a report says.
The AirAsia passenger jet that crashed into the sea last month killing all 162 people was in sound condition and all crew members were properly certified, Indonesia's National Transportation Safety Committee says.
Indonesian Navy divers have retrieved three bodies from the crashed AirAsia wreckage after finally reaching the plane’s fuselage in the Java Sea.
Analysts say AirAsia Flight QZ8501 climbed too fast before stalling and plunging into the sea, drawing ‘striking’ similarities between the Java Sea accident and the 2009 crash of an Air France jet.
An AirAsia plane that crashed into the Java Sea last month with 162 people on board climbed at a faster than normal speed and then stalled, the Indonesian transport minister has said.
Indonesian search teams are considering whether to use a crane to lift the fuselage of the AirAsia plane that crashed into the Java Sea last month.
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