13-Dec-2011 10:32 AM

AirAsia Indonesia postpones IPO until 2012

AirAsia Indonesia will postpone its initial public offering until 2012 "due to global economic conditions", according to The Jakarta Post. The LCC announced plans in Mar-2011 for a public listing in 4Q2011, hoping to raise up to USD200 million. A company spokesperson was unable to provide details of when the IPO would be launched.