AIRASIA Sdn Bhd's proposed initial public offering (IPO) will help further cut its current low operating cost of 25 US cents per ASK or average seat kilometre, said its executive director, Kamarudin Meranun.
The IPO would also strengthen its balance sheet and accelerate its growth plans throughout Asia, he said in a statement announcing the appointment of BBMB Securities as the 3rd bookrunner for the share sale.
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