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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
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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.

Singapore

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