Wednesday, 17 April 2013

AirAsia Indonesia to go public in fourth quarter of 2013

MEDAN (Indonesia): AirAsia Indonesia plans to go public in the fourth quarter this year, its president director, Dharmadi, said.

"The company is now processing administrative requirements for the initial public offering," Indonesia's Antara quoted Dhatmadi as saying to newsmen late Tuesday.

He had earlier revealed the company's plan to open new direct routes from Medan, the capital of North Sumatra to various cities in the country and abroad.

He said the company plans to float 20 per cent of its shares in the Indonesia Stock Exchange and has already appointed the underwriters for the IPO.

"We hope the IPO will go well. AirAsia's performance has been good marked by increasing number of its passengers and new planes," he said.

AirAsia initially planned to conduct the IPO in the first quarter last year but it was delayed as it wanted to acquire Batavia Air.

It is optimistic that its earnings would increase in line with its increasing flights from various regions especially Medan.

"Medan is one of the important hubs for AirAsia," he said. - Bernama

No comments:

Post a Comment