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Air Asia Philippines postpones US$200m IPO to 2018

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AirAsia Bhd's Philippine unit said on Tuesday it would push back a planned initial public offering (IPO) to raise as much as US$200 million to 2018 from 2016 while it tries to make its operations profitable.

[MANILA] AirAsia Bhd's Philippine unit said on Tuesday it would push back a planned initial public offering (IPO) to raise as much as US$200 million to 2018 from 2016 while it tries to make its operations profitable. "The IPO will definitely happen, (but) I think we will have to defer that to 2018, first quarter," AirAsia Philippines Chief Executive Officer Josephine Joy Caneba said at a media briefing.

AirAsia Philippines plans to lease five A320 aircraft from its Malaysian parent to launch flights to China next year, she added.

REUTERS

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