Friday 28 October 2011

AirAsia Thai unit IPO on target for Q4: CEO

AirAsia Bhd’s Thai unit remains on target to sell shares in the fourth quarter through an initial public offering as the plan hasn’t been affected by the flooding, said Chief Executive Officer Tan Sri Tony Fernandes.

The share sale plan is progressing well and Thai AirAsia’s earnings are “strong,” he said in an interview in Kuala Lumpur today.

“Our fourth-quarter may be affected a little bit by this, but the tendency to rebound is very strong.” - Bloomberg
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