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AirAsia's Philippine unit targeting US$250m IPO in 2018

Published Tue, Oct 3, 2017 · 09:50 PM

Manila

THE Philippine unit of AirAsia Bhd is seeking to raise up to US$250 million via an initial public offering (IPO) in mid-2018 to fund its expansion programme, its chief executive said on Tuesday.

Asia's biggest low-cost airline, which has nine units in the region, is beefing up its fleet in the Philippines amid an expected long-term boom in budget air travel. AirAsia first raised the prospect of list…

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Companies & Markets

Companies & Markets

AirAsia's Philippine unit targeting US$250m IPO in 2018

Companies & Markets

Middle East violence brings fears of rate hikes, inflation back to markets

Tokyo's Nikkei drops more than 1,000 points, most in 3 years

Cordlife requests trading halt after dropping 15.2% to all-time low, pending announcement

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

Inside TSMC chairman Mark Liu's short but impactful reign

CSE Global bags US$36.5 million data centre contract extension

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