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MANILA: The Philippines unit of AirAsia Group Bhd AIRA.KL hopes to push through with its initial public offering (IPO) this year to raise more than US$200mil to expand capacity, the regional carrier’s chief executive said.
KUALA LUMPUR (Bernama) AirAsia’s wholly-owned unit, AirAsia Investment Ltd, together with Gumin Company Ltd and Hai Au Aviation Joint Stock Company, have mutually agreed to terminate the agreement to set up a joint venture in Vietnam, effective today.
PETALING JAYA: Tan Sri Tony Fernandes has reasons to smile, as for the past 10 years he has been dreaming of setting up a low-cost airline in China, and now, he seems to have gotten his way. His enthusiasm, however, was not reflected in the share price of AirAsia Bhd, which saw a marginal rise yesterday.
ACTIS, a private equity firm, has proposed to acquire a 44.4% stake in GHL Systems to become the single-largest shareholder.
KUALA LUMPUR: AirAsia Bhd is expanding its operations in South-East Asia, with the proposed low-cost carrier (LCC) joint venture (JV) with Gumin Company Ltd and Hai Au Aviation Joint Stock Company.