Capital A is looking to raise additional funds with an IPO for Philippines AirAsia (Z2, Manila Ninoy Aquino International) and a Indonesian share placement following its back-door listing in the United States later this year, according to CEO Tony Fernandes.

“We might use a public company in Indonesia to raise some more capital through a placement,” he told the Wall Street Journal, “and we will look to list the Philippines entity, floating 20% or 30% of its shares.” Fernandes has previously mulled…

Source: ch aviation
Read more: Capital A CEO mulls Filipino IPO, Indonesian share placement