Low-cost
carrier AirAsia Bhd is planning an initial public offering (IPO) for its
Indonesian business early next year that will raise about US$300 million.
Low-cost
carrier AirAsia Bhd is planning an initial public offering (IPO) for its
Indonesian business early next year that will raise about US$300 million.
It plans
to sell a 30% stake in the Indonesian carrier, group chief executive Tony
Fernandes told Reuters at the World Economic Forum in Jakarta.
Fernandes
said a share sale for AirAsia’s Philippine arm will follow, according to Bloomberg,
which also reported the airline is hoping to take advantage of rapid air
passenger growth in the Asia-Pacific.
“There are
tremendous new tourism opportunities, and secondary cities in Indonesia are
booming. We are very bullish about developing new international links out of
the secondary and third-tier cities in this wide country,” Fernandes said in an
interview with the news agency.