Philippines AirAsia's plans to launch IPO deferred to 2020 or 2021

Philippines AirAsia's plans to launch IPO deferred to 2020 or 2021

FILE PHOTO: AirAsia Group CEO Tony Fernandes speaks during a news conference at AirAsia headquarters in Sepang, Malaysia December 13, 2017. REUTERS/Lai Seng Sin

The Philippine unit of AirAsia Bhd is postponing its initial public offering (IPO) to next year or 2021 as it focuses on corporate reorganisation and seeking funds from existing shareholders, its chairman said on Wednesday.

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