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AirAsia India IPO not far: Tony Fernandes

10 Jan 2018 23:53:35

economictimes.indiatimes.com

AirAsia India, the low-fare airline co-owned by AirAsia Berhad, Malaysia and Tata Sons, is planning an initial public offer of shares to list in the local bourses, a move that will likely surprise markets and experts given its small size, still-to-mature network and constant, although narrowing, financial losses.


"Analysts giving zero value to AirAsia India (sic). Not far from 20 planes and a potential IPO," Tony Fernandes, CEO of its Malaysian parent tweeted this morning.


"AIRASIA will be seeking approval at the next AIRASIA India board to pick a banker to start prelim process. Very valuable asset with huge growth potential," he added.


Read full story: economictimes.indiatimes.com

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