AirAsia still mulling IPO for Indonesian affiliate

Sydney

AIRASIA, Asia's largest budget carrier, is still considering an initial public offering for its Indonesia affiliate, whose Flight 8501 crashed and killed 162 people on board in December.

An IPO will make the airline more transparent, Tony Fernandes, chief executive officer of AirAsia Group, said in Sydney on Wednesday. The comment comes after the Malaysian Reserve newspaper reported in July that the offer was scrapped because of poor financial results.