Tony Fernandes: AirAsia's Philippine unit plans more than US$200 mln IPO

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Tony Fernandes: AirAsia's Philippine unit plans more than US$200 mln IPO
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AirAsia hopes to raise more than US$200 million to expand its capacity in the Philippines. airasia

AirAsia boss Tony Fernandes hopes to expand the airline capacity in its Philippine unit.

“We’re getting close. Hopefully we can do it this year,” AirAsia Group CEO Tony Fernandes told reporters. “We’ve cracked the barrier of size, we know the market better.” AirAsia Group has a 16% share of the Philippine market.

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