Friday, May 21, 2010

AirAsia to proceed with Thai listing

LOW-COST carrier AirAsia Bhd will continue with plans for a dual listing in Thailand but will do so once the political environment there shows sign of recovery.

"Plans are still afoot. Crisis comes and goes," said its group chief executive officer Datuk Seri Tong Fernandes.

He said sales in Thailand slowed down in the last two months due to the uncertainties in that country and expects to have a tough time with its operations there up to July.

AirAsia has yet to set a date for the listing.
"Powers of recovery in Southeast Asia are very strong. We will help Thailand to bounce back. We owe it to the people there," he told reporters on the sidelines, after the Global CEO session at the World Islamic Economic Forum in Kuala Lumpur yesterday.

AirAsia has harboured plans of listing abroad since the inception of its Thailand and Indonesian associate airlines some six years ago.

The plan is to list AirAsia group in Thailand first before going forward with plans to list in Indonesia. This is line with its vision in becoming a full-fledged Asean airline.

Source : BTimes
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