Tuesday, December 13, 2011

AirAsia chief: IPOs of Indonesian, Thai units on schedule

KUALA LUMPUR (Dec 13): AirAsia Group has reaffirmed that the proposed initial public offerings (IPO) of its Indonesian and Thai affiliates are on schedule.

"Both IPOs are on schedule with regards to due diligence process and the seeking of regulatory approvals," said its group chief executive officer, Tan
Sri Tony Fernandes, in a statement here on Tuesday.

Fernandes made the statement after AirAsia's public relation team was misquoted in a recent interview.

"We have always maintained the actual listing will be dependent on market conditions. In short, both Thailand and Indonesia continue to perform strongly heading into 2012," he said.

The Thai affiliate is submitting its listing application to the regulators in the early part of the first quarter of and Indonesia will follow suit shortly after. --

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