Monday, June 25, 2012

Indonesia AirAsia intends to IPO in the first quarter of 2013


PT Indonesia AirAsia will offer it’s IPO in the first quarter of 2013. The move comes after AirAsia moved its regional operations center to Indonesia.

Chief Executive Officer of AirAsia said the plan follows the steps taken by AirAsia X Sdn Bhd which will go public around October-November 2012. AirAsia X is a AirAsia business unit that specializes in serving long-haul flights.

Tony admitted that no bank was appointed as the lead underwriter yet. "The decision depends on the board of directors," he said.

AirAsia has decided to focus on developing the market in Indonesia. One proof shifts Tony Fernandes of AirAsia Sdn Bhd became Indonesia AirAsia. Tony replaced by Aireen Omar who is regional head of corporate finance and treasury AirAsia.

AirAsia currently has a 49% stake in Indonesia AirAsia. It operates 17 Airbus A320 aircraft and serves six cities in Indonesia. The airline is also flying from Indonesia to the four cities of Southeast Asia and one city in Australia.