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AirAsia plans US$300m IPO for Indonesian arm in 2016: CEO

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Malaysian budget carrier AirAsia Bhd is planning an initial public offering for its Indonesian affiliate in the first half of 2016 to raise about US$300 million, its group chief executive told Reuters on Monday.

[JAKARTA] Malaysian budget carrier AirAsia Bhd is planning an initial public offering for its Indonesian affiliate in the first half of 2016 to raise about US$300 million, its group chief executive told Reuters on Monday.

AirAsia plans to sell a 30 per cent stake in the Indonesian carrier, Tony Fernandes said on the sidelines of the World Economic Forum in Jakarta.

REUTERS

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