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11-Jan-2018 10:19 AM

AirAsia explores IPO for AirAsia India

AirAsia Group CEO Tony Fernandes, via his personal Twitter account, stated (10-Jan-2018) the company is seeking approval to select a bank to commence the preliminary process for an IPO for AirAsia India. Mr Fernandes said: "AIRASIA will be seeking approval at the next AIRASIA India board to pick a banker to start prelim process. Very valuable asset with huge growth potential". He added: "Analysts giving zero value to airaosa [sic] india. Not far from 20 planes and a potential IPO". The carrier is a JV between Tatas and AirAsia Berhad and commenced operations in Jun-2013.

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