Bernama.com
Malaysian National News Agency

AirAsia Indonesia, Philippines Listings By Q1 2018 - Tony Fernandes
Business
July 26, 2017 17:26 PM
KUALA LUMPUR, July 26 (Bernama) -- AirAsiaBhd's plans to list its Indonesian and Philippine subsidiariesare in progress and areexpected to make their debuts on the respective countries' stock exchange latest bythe first quarter (Q1) of next year.

AirAsia Group Chief Executive Officer Tan Sri Tony Fernandes saidAirAsia Indonesia's progress hadbeen a little more ahead than its Philippinecounterpart but both wereprogressing well and en route for their debuts on the equities market.

"It's going to be this year or the first quarter of next year - both of these companies are going to be very valuable going forward," he told reporters on the sidelines of Invest Malaysia 2017 here today.

On the disposal of its leasing business, he said the airlineis currently working on the details of the deal but he wasoptimistic that the deal could be done this year.

"We basically havemaintained our position that we are going to sell it. We are going to make sure that we have the best price for AirAsia," he said.

Meanwhile, on oil price, Fernandes said the airline is currently in its best position regarding oil price due to the stability of the commodity.

"We don't care what the price is as long as it is stable then it is easy to manage the business. This is one of the areas that always concern the business people," he added.

-- BERNAMA

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