30-Mar-2011 3:54 PM
AirAsia X to list shares by 2012: Fernandes
Analysis
He told Reuters: "An airline cannot grow capital without being public, and so most definitely AirAsia X will be listed. I hope this year or next year." The statement comes after Thai AirAsia and AirAsia Indonesia recently announced plans to launch IPOs later in 2011. Mr Fernandes had mentioned previously he planned to list AirAsia X, without providing a timeframe.
AirAsia's shares fell 1.1% yesterday. Tiger Airways eased 0.7%, while Cebu Pacific lost a further 2.8%.
Selected LCCs daily share price movements (% change): 30-Mar-2011