AirAsia plans over $200m IPO for Philippine unit this year

AirAsia Group CEO Tony Fernandes speaks during a group news conference in Tokyo July 1, 2014. REUTERS/Issei Kato

The Philippine unit of AirAsia Group Bhd hopes to push through with its initial public offering this year to raise more than $200 million to expand capacity, the regional carrier’s chief executive said on Thursday.

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