SINGAPORE - AirAsia founder and CEO Tony Fernandes said on Twitter Monday that plans to list AirAsia Indonesia and AirAsia Philippines would go ahead, subject to board approval.
"We can Confirm today that Airasia Indoneisa and Airasia phillipines will be ipo," he tweeted. "Subject to respective board approvals."
He also wrote that "Business in both Philippines and Indonesia doing real well. Great support from both governments."
The Indonesian arm of Asia's largest budget carrier had scrapped plans for an initial public offering (IPO) in July last year as it was "not making money", The Malaysian Reserve quoted Mr Fernandes as saying. The carrier was also hit by tragedy last December, when 162 people were killed after Flight 8501 from Surabaya crashed in the Java Sea enroute to Singapore.
But Mr Fernandes had said last month that "In light of QZ8501, the IPO approach also appeals to us because it makes the airline more transparent."