<article><a href="http://www.airasia.com/my/en/about-us/corporate-profile.page" target="_blank">AirAsia Bhd</a> will list its Indonesia and Philippines businesses, group CEO Tony Fernandes announced on his Twitter, today.</article>

<a href="http://www.airasia.com/my/en/about-us/corporate-profile.page" target="_blank">AirAsia Bhd</a> will list its Indonesia and Philippines businesses, group CEO Tony Fernandes announced on his Twitter, today.
The announcement on his social media account does not state any other details like the timeline or the value for the exercise.
The plan for both IPOs will depend on getting the respective board approvals, Fernandes said but added in a separate Tweet that both businesses have been &#8220;doing real well (with) great support from both governments&#8221;.
&#8220;We can confirm today that AirAsia Indonesia and AirAsia Philippines will be IPO. Subject to respective board approvals,&#8221; Fernandes said.
AirAsia, the largest budget airline in Asia by passenger volume, owns 49 per cent of Indonesia AirAsia and 40 per cent of AirAsia Philippines.
Last year, AirAsia had reportedly called off plans to list its Indonesian arm as the unit was performing poorly.
AirAsia posted its first quarterly loss in two years for the October to December period last year, on higher financing costs and foreign-exchange losses.
The carrier&#8217;s Indonesian unit was embroiled in an aviation disaster in December last year when 162 people were killed. after one of the planes crashed en route from the city of Surabaya to Singapore.
Also read:
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AirAsia plans to list its Indonesia and Philippines businesses, group CEO Tony Fernandes said on his Twitter today.

AirAsia to list Indonesia and Philippines units

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AirAsia to list Indonesia and Philippines units

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