"Analysts giving zero value to AirAsia India. Not far from 20 planes and a potential IPO," he said in a tweet.
In the Bengaluru-based AirAsia India, 51 per cent is with Tata Sons while the rest is held by AirAsia Berhad.
"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," Fernandes said in another tweet.
The company has already announced its plans to fly overseas from the second half of this year.
Under Indian regulations, a domestic airline should have at least 20 planes before it can start services to foreign destinations.
AirAsia India narrowed its net loss to Rs 16.4 crore in the September quarter this fiscal as against Rs 62.12 crore suffered in the July-September period of the last fiscal.
On an year-on-year basis, AirAsia India achieved 99 per cent growth on passengers carried as well as a 104 per cent rise in capacity in the quarter under review.
In another tweet, Fernandes said AirAsia is in the process of appointing a banker to find a partner for its profitable shared services business, AirAsia Global Shared Services Sdn Bhd (AGSS).
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)