AirAsia plans to create Asean airline
Airasia Group, Asia’s largest low-cost carrier, plans to create an Asean airline that will house AirAsia Bhd, Thai AirAsia and the soon-to-be-listed Indonesia AirAsia and Philippines AirAsia. Group CEO Tony Fernandes said AirAsia’s affiliates in Indonesia and Philippines had appointed bankers in their respective country to work on the planned IPO. AirAsia Group will form the holding company once the Indonesian and Philippines affiliates joined AirAsia Bhd and Thai AirAsia in the listing club. Currently, AirAsia Bhd owns a 49% stake in the airline group’s international ventures, while the remaining 51% owned by foreign shareholders in the respective countries. The objective of the move, said Fernandes, was to have one company in the end and which would be similar to European group airlines, such as the International Consolidated Airlines Group and Air France-KLM. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-11-01/unaligned/airasia-plans-to-create-asean-airline
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AirAsia plans to create Asean airline
Airasia Group, Asia’s largest low-cost carrier, plans to create an Asean airline that will house AirAsia Bhd, Thai AirAsia and the soon-to-be-listed Indonesia AirAsia and Philippines AirAsia. Group CEO Tony Fernandes said AirAsia’s affiliates in Indonesia and Philippines had appointed bankers in their respective country to work on the planned IPO. AirAsia Group will form the holding company once the Indonesian and Philippines affiliates joined AirAsia Bhd and Thai AirAsia in the listing club. Currently, AirAsia Bhd owns a 49% stake in the airline group’s international ventures, while the remaining 51% owned by foreign shareholders in the respective countries. The objective of the move, said Fernandes, was to have one company in the end and which would be similar to European group airlines, such as the International Consolidated Airlines Group and Air France-KLM. <br/>
