You are here

AirAsia units plan US$300m bond issues

The group will also sell and lease back up to 20 planes to cut debt, says CEO Tony Fernandes
Tuesday, June 16, 2015 - 05:50

Mr Fernandes says that AirAsia is looking to take the loss-making associates in the Philippines and Indonesia public in 2017, seeking valuations of about US$700 million for the Indonesia firm and US$600 million for the Philippine business.


AIRASIA Bhd, Asia's biggest budget airline, plans to raise funds at loss-making associates by issuing up to US$300 million in bonds and may sell planes to help cut group debt, chief executive Tony Fernandes said in a letter to investors.

Mr Fernandes, who has steered

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom