Philippines' AirAsia seeks to raise US$250m via IPO in mid-2018
The Philippines unit of AirAsia is seeking to raise up to US$250m via an IPO in mid-2018 to fund its expansion programme, its CE said Tuesday. The airline, which has 9 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 listing its Philippines unit in 2015, planning at that point to take the airline public as early as 2017. "We are working on the IPO, hopefully in the middle part of next year," Philippines AirAsia CE Dexter Comendador said. Philippines AirAsia had initially aimed to raise $200m but raised its target to fund purchases of more aircraft and to expand its route network, Comendador said. Its fleet will reach 70 aircraft in the next 10-15 years from the current 17, the CE said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-10-04/unaligned/philippines-airasia-seeks-to-raise-us-250m-via-ipo-in-mid-2018
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Philippines' AirAsia seeks to raise US$250m via IPO in mid-2018
The Philippines unit of AirAsia is seeking to raise up to US$250m via an IPO in mid-2018 to fund its expansion programme, its CE said Tuesday. The airline, which has 9 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 listing its Philippines unit in 2015, planning at that point to take the airline public as early as 2017. "We are working on the IPO, hopefully in the middle part of next year," Philippines AirAsia CE Dexter Comendador said. Philippines AirAsia had initially aimed to raise $200m but raised its target to fund purchases of more aircraft and to expand its route network, Comendador said. Its fleet will reach 70 aircraft in the next 10-15 years from the current 17, the CE said. <br/>
