Listings Of Indon, Thai Units On Schedule, Says Airasia

KUALA LUMPUR, Dec 13 (Bernama) -- AirAsia Group has reaffirmed that the proposed initial public offerings (IPO) of its Indonesian and Thailand affiliates are on schedule. "Both IPOs are on schedule with regards to due diligence process and the seeking of regulatory approvals," said its group chief executive officer, Tony Fernandes, in a statement here. Fernandes made the statement after AirAsia's public relation team was misquoted in a recent interview. "We have always maintained the actual listing will be dependent on market conditions. "In short, both Thailand and Indonesia continue to perform strongly heading into 2012," he said. Thailand is submitting its application to the regulators for early first quarter 2012 market listing while Indonesia will follow suit shortly after. -- BERNAMA