AirAsia reiterates IPO plans for Indonesia unit, appoints new independent commissioner

Photo: Reuters

Indonesia AirAsia has reiterated that it plans to list on the Indonesia Stock Exchange before the end of this year. The budget airline’s initial public offering (IPO) plan was earlier shelved in mid-2016.

AirAsia Group CEO and founder Tony Fernandes said the firm will appoint foreign and local underwriters for the share sale. Proceedings from the IPO will be used to expand its business in Indonesia.

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