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AirAsia explores IPO for India unit

12 Jan 2018 13:37:41

thehindu.com

Malaysia-based AirAsia Bhd. is considering an initial public offering (IPO) for its Indian unit and seeking a partner for its services business, the carrier’s group chief executive Tony Fernandes said on Wednesday.


This is the latest in a series of asset monetisations being undertaken by the budget airline group, which this week received shareholder nod for a reorganisation to make AirAsia Group Bhd. the listed holding company for assets across Asia.


AirAsia has already completed a backdoor listing of Indonesia AirAsia TBK PT and finalised a S$119.3 million ($89.38 million) joint venture for its ground-handling business with Singapore’s SATS Ltd. Its Philippine unit is looking to raise up to $250 million via an IPO in mid-2018.


Read full story: thehindu.com

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