Oct 31, 2012 dear investor,you can apply airasia x ipo through bumiputera special shares through miti and closing date for online application. Analysts have said with last months general election over, investors are looking for a wide range of stocks in southeast asias third largest economy. The prospectus should also be read in conjunction with annual reports as well for studying already listed companies to get a foothold of a companys operating history. The prospectus for the forthcoming ipo for airasia x, a separate business from airasia, shows that the lowcost longhaul model can be successful, operationally and profitably, but only when deployed sensibly. Bursa malays stock quote airasia x bhd bloomberg markets. Analysts are giving zero value to airasia india, fernandes tweeted, but in a separate tweet said, the unit is a very valuable asset with huge growth potential. The flamboyant ceo, who cofounded airasia in 2001 with two aircraft, announced plans for an ipo for the india unit in january, part of a series of strategic moves to monetise assets. Please download the free adobe acrobat reader to view these documents investor relations. The initial public offering ipo consists of institutional offering of up to 538 million shares and retail offering of 252 million shares. Why airasia x ipo doesnt make any sense tony fernandes is god. Ipo prospectus lfx prospectus corporate governance and sustainability labuan international financial exchange lfx market participants listing sponsors list issuers financial instruments. Airasia x bhd, a longhaul lowcost airline is scheduled to be listed in main market of bursa malaysia on 10th july 20. Jan 10, 2018 airasia india, the lowfare airline coowned by airasia berhad, malaysia and tata sons, is planning an initial public offer of shares to list in the local bourses, a move that will likely surprise markets and experts given its small size, stilltomature network and constant, although narrowing, financial losses. Airasia will seek approval at the next airasia india board meeting to pick a banker to start the preliminary process for an ipo, fernandes tweeted on wednesday.
Airasia x, the longhaul budget carrier founded by tony fernandes, becomes the first malaysian company to move forward with an ipo following hotly contested national elections earlier this month. Dear investor,you can apply airasia x ipo through bumiputera special shares through miti and closing date for online application. A copy of maybank ibs letter dated 7 august 20 relating to the above is attached herewith. Airasia will seek approval at the next airasia india board meeting to pick a banker to start a preliminary process for an ipo, fernandes posted on twitter on wednesday. Jul 20, 2018 longhaul carrier airasia x bhd will pursue an ipo of its thai arm soon as it looks to restructure itself into a group holding company along the lines of affiliate airasia group bhd, coceo tony fernandes said on friday. Indonesia airasia plans ipo on indonesia stock exchange. May 31, 2014 this is an article i posted june 20, before the ipo of airasia x the company ipo at rm1. Singaporekuala lumpur reuters shares of airasia group bhd tumbled on wednesday after india federal police filed a case against the airline that analysts said could defer ipo plans and international expansion for its indian arm. Jan 10, 2018 airasia will seek approval at the next airasia india board meeting to pick a banker to start a preliminary process for an ipo, fernandes posted on twitter on wednesday. Currently, it serves 14 destinations acorss asia, australia and the middle east, with 11 a330300 planes. The longhaul arm of budget carrier airasia is offering 790 million shares in an initial public offering ipo next year to raise funds and expand its fleet, a draft prospectus shows. Dealings in listed securities chapter 14 of listing requirements.
In next years ipo airasia plans to sell a 20 to 30 percent stake. The company is an affiliate carrier of the airasia group. Usage of the airasia website states your compliance of our. Longhaul carrier airasia x bhd will pursue an ipo of its thai arm soon as it looks to restructure itself into a group holding company along the lines of affiliate airasia group bhd, coceo tony fernandes said on friday.
Airasia shares tumble as india probe threatens ipo plans by. Although fernandes is optimistic about business expansion in indonesia, the airasia chief has criticized several recent government policies of indonesia in the aviation industry. Airasia x has secondworst trading debut in malaysia. Airasia will seek approval at the next airasia india board meeting to pick a banker to start a preliminary.
Airasia x is a leading long haul low cost carrier since operating on nov 2007, primarily in the asia pacific region. On 20 october 2004 and 29 october 2004, airasia issued a prospectus and an. Airasia x to seek ipo for thai arm soon as it looks to. Airasia shares tumble as india probe threatens ipo plans. All of the major shareholders will see their ownership decrease but tony fernandes, via aero ventures and airasia, will remain the single largest. Airasia berhad incorporated in malaysia with limited liability under the companies act, 1965 company no.
Usage of the airasia website states your compliance of our terms of use and privacy policy 2020 airasia group berhad. Initial public offering ipo indonesia airasia expected. Airasia explores ipo for india unit the hindu businessline. Airasia x offers flights on the airbus a330300 aircraft on routes.
Jan 10, 2018 airasia will seek approval at the next airasia india board meeting to pick a banker to start a preliminary process for an ipo, mr. The flamboyant ceo, who cofounded airasia in 2001 with two aircraft, announced plans for an ipo for the india unit in january, part of a series of strategic moves to monetize assets. Airasia india, the lowfare airline coowned by airasia berhad, malaysia and tata sons, is planning an initial public offer of shares to list in the local bourses, a move that will likely surprise markets and experts given its small size, stilltomature network and constant, although narrowing, financial losses. Malaysia investments ltd, crescent air asia investments, ltd and deucalion. In fact, more than 55% of the funds to be raised will be for debt repayment. This is an article i posted june 20, before the ipo of airasia x the company ipo at rm1. A third of the funds raised will be used to repay debt while another third is slated for capital expenditure, with the balance going to working capital and listing expenses. Airasia explores india unit ipo, seeks partner for services. Affin hwang capitals aaron kee reckons the airasia proposed ipo is a good idea, though notes regulatory hurdles.
In its summary prospectus issued on june 10 the airline is offering. Airasia x is the only longhaul lcc currently flying the europeanasia pacific corridor. Airasia india, a joint venture with indias tata sons conglomerate, had 14 planes at end2017 file photo malaysiabased airasia bhd is considering an initial public offering for its indian unit and seeking a partner for its services business, the carriers group chief executive tony fernandes said on wednesday. Thai air asia x, a joint venture including malaysias airasia x, the longhaul segment of lowcost air asia, and its thai unit, will be seeking an. Mar 19, 20 airasia x, the longhaul subsidiary of airasia berhad, has readied its highly anticipated listing on bursa malaysia for june, airasia group ceo tony fernandes said on march 19. Jun 10, 20 airasia x and its shareholders are offering 790. Airasia x berhad is a longhaul, lowcost airline based in malaysia. Quarterly report for the financial period ended 31 december 2019. Airasia will seek approval at the next airasia india board meeting to pick a banker to start a preliminary process for an ipo, mr. Airasia explores india unit ipo, seeks partner for. Jan 10, 2018 airasia india, a joint venture with indias tata sons conglomerate, had 14 planes at end2017 file photo malaysiabased airasia bhd is considering an initial public offering for its indian unit and seeking a partner for its services business, the carriers group chief executive tony fernandes said on wednesday. Currently, malaysiabased airasia owns a 49 percent stake in indonesia airasia. The initial public offering consists of an institutional offering the.
Kl stock quote, history, news and other vital information to help you with your stock trading and investing. For airasia xs balance sheet, it will be looking for immediate cash similar to the ihhs ipo symptom to beef up its balance sheet. An ipo prospectus is a very useful set of documents to check on a companys business operations when it decides to list itself. During 1h2012, a challenging time for the global industry, airasia x reported a respectable 7. Airasia synergies help, also require definition the prospectus for the forthcoming ipo for airasia x, a separate business from airasia, shows that the lowcost longhaul model can be successful, operationally and profitably, but only when deployed sensibly. Please download the free adobe acrobat reader to view these documents. Airasia x to raise rm860mil from ipo, relook europe and india. On tuesday, the groups longhaul unit, airasia x bhd swung to a net profit of 11. Nov 03, 2012 the longhaul arm of budget carrier airasia is offering 790 million shares in an initial public offering ipo next year to raise funds and expand its fleet, a draft prospectus shows.
The draft red herring prospectus will be updated upon filing with the roc book built issue our company was incorporated on january, 2004 in lucknow under the companies act, 1956 with the registrar of companies, uttar pradesh and uttaranchal at kanpur as interglobe aviation private limited. Sep 09, 2014 an ipo prospectus is a very useful set of documents to check on a companys business operations when it decides to list itself. Sap gr oup llc, reported in airasias ipo prospectus, 2004. Hence, the total purchases made under the price stabilising action of 65,535,100 shares and the exercise of the overallotment option for 52,983,425 shares fully cover the 118,518,525 shares that were overalloted in the ipo for aax. In august 2011 airasia and mas, malaysias national carrier, announced a partnership called the comprehensive collaboration framework, whereby a share swap deal was agreed between tune air, the owner of airasia, and khazanah nasional, the government backed investment arm owner of mas. Airasia group bhd shares plunged on wednesday after federal police in india filed a case against the airline accusing it of corruption a probe that threatens to delay its india units ipo plans. In a series of tweets a day after airasia x expanded a jet order to. Amounts include domestic and international air travel tofrom reporting airports in the countries shown and may. Crescent air asia investments, ltd caal and deucalion capital ii limited. Jan 10, 2018 airasia will seek approval at the next airasia india board meeting to pick a banker to start the preliminary process for an ipo, fernandes tweeted on wednesday. Jul 20, 2018 thai air asia x, a joint venture including malaysias airasia x, the longhaul segment of lowcost air asia, and its thai unit, will be seeking an ipo soon, tony fernandes, founder and chairman. Thai air asia x planning to launch ipo financial times. Airasia x, the longhaul budget carrier founded by tony fernandes, becomes the first malaysian company to move forward with an ipo following hotly.
Airasia said in january it was considering an ipo of the indian operation, which had 14 planes at end2017, with plans to expand its fleet to 60 over the next five years. Nov 02, 2012 for airasia x s balance sheet, it will be looking for immediate cash similar to the ihhs ipo symptom to beef up its balance sheet. In august 2011 airasia and mas, malaysias national carrier, announced a partnership called the comprehensive collaboration framework, whereby a share swap deal was agreed between tune air, the owner of airasia, and khazanah nasional, the government backed investment arm. The board of directors of airasia berhad airasia or the company is pleased to.
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