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AirAsia explores India unit IPO, seeks partner for services business

Reuters  |  SINGAPORE 

By Jamie FreedSINGAPORE (Reuters) - Malaysia-based AirAsia Bhd is considering an initial public offering for its Indian unit and seeking a partner for its services business, the carrier's group chief executive Tony Fernandes said on Wednesday.This is the latest in a series of asset monetisations being undertaken by the budget airline group, which this week received shareholder nod for a reorganisation to make AirAsia Group Bhd the listed holding company for assets across Asia.AirAsia has already completed a backdoor listing of Indonesia AirAsia TBK PT and finalised a S$119.3 million ($89.38 ...

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First Published: Wed, January 10 2018. 10:06 IST
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