AirAsia ‘very bullish’ says boss
Low cost carrier AirAsia hopes to raise up to $600 million in a planned listing of its Indonesia and Philippine airline units.
AirAsia group CEO Tony Fernandes hopes to achieve a value of $1 billion for each airline and offer stakes of between 20-30% in each.
No date has been set for the listings but it is expected to take place before mid-2016, with an announcement planned within the next two months.
"There’s tremendous new tourism opportunities and secondary cities in Indonesia are booming," said Fernandes, who is also chairman of the London football club QPR.
"We are very bullish about developing new international links out of the secondary and third-tier cities in this wide country."
AirAsia would again try to set up a Japanese affiliate next year, Fernandes said, after a failed partnership attempt with AHA Holdings in 2013.
Recently AirAsia announced a planned joint venture with Japan’s largest e-commerce company Rakuten.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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