26-Oct-2011 10:21 AM

Indonesia AirAsia to postpone IPO until 1Q2012

AirAsia, holder of 49% stake in Indonesia AirAsia through AirAsia International Ltd, announced it will not proceed with the planned IPO of its LCC unit in 4Q2011, but will instead proceed in 1Q2012, according to an Indonesia Finance Today report. The postponement was caused by the projected market conditions in the period, which are not conducive for an IPO.