Yvo and utiket

AirAsia to list Indonesian, Philippine units by 1Q18

27 Jul 2017 20:06:39

theedgemarkets.com

AirAsia Bhd said its plans to list Indonesia AirAsia (IAA) and Philippines AirAsia (PAA) are well under way and expected to be carried out by the first quarter of 2018.


“That’s very much in progress. Indonesia is probably ahead of Philippines but both are going to be listed. This gives us the currency to look at combining into one AirAsia, which is my ultimate dream.


“Let’s just say they will be listed within this year or the first quarter of next year,” said AirAsia group chief executive Tan Sri Tony Fernandes on the sidelines of Invest Malaysia 2017.


He said that while the market was bearish on IAA and PAA when the two units were in the red, the group still saw great value in both of the companies.


Read full story: theedgemarkets.com

Related posts