AirAsia Drops Plans For Indonesian Subsidiary IPO

AirAsia Group CEO Tony Fernandes is abandoning plans to take the low-cost carrier group’s Indonesian subsidiary to an IPO. Fernandes said the decision at the company, PT Indonesia AirAsia (AirAsia Indonesia), was based on “the subsidiary’s poor financial performance” and the fact that it would be an...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.