AirAsia CEO Tony Fernandes stated AirAsia X plans to list shares by 2012 "so it will be easier to raise funds for expansion" (Reuters, 29-Mar-2011). Mr Fernandez said: "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 IPO's later in 2011. Mr Fernandes had mentioned previously he planned to list AirAsia X but without providing a timeframe.
AirAsia X may list shares by 2012
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AirAsia’s original operation in Malaysia is accelerating growth in 2017 with at least eight additional aircraft, in a strategic response to intensifying competition. Thai AirAsia is now planning to add six aircraft in 2017, despite challenging market conditions in Thailand. The group’s affiliates in Indonesia and the Philippines, which have shrunk their fleets the last two years as part of restructuring initiatives, are planning to resume growth with two and four additional aircraft respectively.
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