AIRASIA Group has announced plans to launch an IPO for its affiliate Indonesia AirAsia in 1H2016.
Group chief executive Tony Fernandes told Bloomberg on the sidelines of the World Economic Forum in Jakarta that AirAsia is aiming to raise about US$300 million from the exercise by selling off a 30 per cent stake in the airline.
More information about the offering will become available in the next couple of months, said Fernandes.
Indonesia AirAsia captured headlines in December after one of its planes, flying from Surabaya to Singapore, crashed in bad weather.
The same Bloomberg report quoted Fernades as saying that the airline has not resumed Surabaya-Singapore flights.
However, AirAsia Group is looking to start its Japan venture in early 2016.
