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.
30-Mar-2011 10:36 AM