Loading
25-Jun-2010 10:40 AM

AirAsia considers paying dividends, 30% IPOs for Indonesia and Thai units

AirAsia CEO, Tony Fernandes, stated the carrier is considering paying dividends (Reuters, 24-Jun-2010). The carrier has not had a dividend policy since its listing in Malaysia in 2004, as it wanted to reinvest profits for future capital requirements. Mr Fernandes stated the group plans to offer 30% of Indonesia AirAsia and Thai AirAsia in their IPOs next year. 

AirAsia: “The board is actively looking at it … we are in a much better position [than last year] to be considering a dividend … We have solved a lot of uncertainties in AirAsia and there is clarity for shareholders over the airline's business,” Tony Fernandes, CEO. Source: Reuters, 24-Jun-2010/Malaysia Business Times, 25-Jun-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More