Kuala Lumpur—Philippines Air Asia could accelerate plans for its initial public offering (IPO) given improving business prospects, Malaysian tycoon Tony Fernandes said last Friday.
Fernandes, group CEO of budget airline giant Air Asia Berhad, told visiting Filipino journalists that the IPO of its domestic affiliate, originally seen in 2018, could be held next year.
“I’m going to do it next year, we’re going to try,” Fernandes said.
Philippines Air Asia originally planned to raise about $200 million via an equity offering, but Fernandes said it was possible to raise “maybe more” than that figure.
Read more: https://business.inquirer.net/221221/air-asia-unit-ph-eyes-ipo-2017
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