AirAsia India is planning an IPO; why it needs to be profitable before that

AirAsia in the process of appointing a banker to find a partner for our profitable and successful shared services centre, he said

Tony Fernandes, the group chairman of AirAsia group on Wednesday said that the company was looking for a public listing and will seek shareholders' approval for appointing bankers for the process.

“AirAsia in the process of appointing a banker to find a partner for our profitable and successful shared services centre... AIRASIA will be seeking approval at the next AIRASIA India board to pick a banker to start prelim process. Very valuable asset with huge growth potential. Analysts giving zero value to AirAsia India. Not far from 20 planes and a potential IPO,” Fernandes said in a series of tweets.