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AirAsia Indonesia postpones IPO until 2012

13-Dec-2011 10:32 AM

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.