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Home  >>  Daily News  >>  Malaysia News  >> Capital Markets  >>  Malaysia’s AirAsia to list in Thailand, Indonesia
NEWS UPDATES 21 November 2009

Malaysia’s AirAsia to list in Thailand, Indonesia

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Listing of its shares on Thailand and Indonesian stock exchanges is on the cards for Asia’s largest low-cost carrier AirAsia Bhd, reported the StarBiz.

The airline is following in the footsteps of CIMB Group Holdings Bhd which recently said it was seeking a dual listing in Thailand. AirAsia’s intention was widely reported by foreign news agencies yesterday.

AirAsia group chief executive officer Tony Fernandes had said the timing was very good for a dual listing as AirAsia’s associate companies – Thai AirAsia and Indonesia AirAsia – were doing very well operationally.

The dual listing would give exposure of its shares to investors in these two countries as AirAsia has a vision to become a truly Asean carrier.

An analyst said in his research report that the dual listing of AirAsia should not have an impact on its operations but could raise the group’s profile in the countries it currently operated.


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