AirAsia: Listing of Indonesian, Philippine units by Q1 2018

27 Jul 2017 / 00:18 H.

    KUALA LUMPUR: AirAsia Bhd’s plans to list its Indonesian and Philippine subsidiaries are in progress and they are expected to make their debuts on the respective countries’ stock exchange latest by the first quarter of next year.
    AirAsia Group CEO Tan Sri Tony Fernandes said AirAsia Indonesia’s progress had been a little more ahead than its Philippine counterpart but both are progressing well and en route for their debuts on the equity markets.
    “It’s going to be this year or the first quarter of next year … both of these companies are going to be very valuable going forward,” he told reporters on the sidelines of Invest Malaysia 2017 yesterday.
    On the disposal of its leasing business, he said the airline is currently working on the details of the deal but he is optimistic that it could be done this year.
    “We basically have maintained our position that we are going to sell it. We are going to make sure that we have the best price for AirAsia,” he said.
    Meanwhile, Fernandes said the airline is currently in its best position regarding oil price due to the stability of the commodity. “We don’t care what the price is as long as it is stable, then it is easy to manage the business. This is one of the areas that always concern the business people.” – Bernama

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