Delayed IPO: A Philippines AirAsia aircraft on the landing strip. The low-cost airline has been looking to go public and raise around US$200mil since 2015, but has shelved its plan several times because of weak markets and volatile oil prices.
MANILA: The Philippine unit of AirAsia Bhd is postponing its initial public offering (IPO) to next year or 2021 as it focuses on corporate reorganisation and seeking funds from existing shareholders, its chairman said yesterday.
The low-cost airline has been looking to go public and raise around US$200mil since 2015, but has shelved its plan several times because of weak markets and volatile oil prices.
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