Thursday, 6 June 2013

AirAsia expects Indonesia IPO in Q4, to raise US$200m

NAYPYITAW, Myanmar (June 6): Malaysia's AirAsia Bhd aims to raise US$200 million (RM616.80 million) in an initial public offering of its Indonesian unit, which will be listed in the fourth quarter, the budget airline's group chief executive officer said on Thursday.

Asked about the IPO, Tan Sri Tony Fernandes told Reuters: "I hope in the fourth quarter. And it'll be very similar size to the Thailand unit's IPO, about US$200 million."

Fernandes was speaking on the sidelines of the World Economic Forum on East Asia, which is being held in the Myanmar capital Naypyitaw.

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