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14-Dec-2011 7:57 AM

AirAsia: IPO of Both Affiliates on Schedule

Direct News Source

13-Dec-2011 AirAsia Group reaffirmed that the proposed Initial Public Offering of its Indonesian and Thailand affiliates is on schedule after our public relation team was misquoted in a recent interview.

Thailand is submitting its application to regulators for early 1Q2012 market listing. Indonesia will follow suit shortly after.

AirAsia Group CEO Tony Fernandes reiterated: "Both IPO's are on schedule with regards to due diligence process and the seeking of regulatory approval. We have always maintained the actual listing will be dependent on market conditions. In short, both Thailand and Indonesia continues to perform strongly heading into 2012.