The CEO of Philippines AirAsia (Z2, Manila Ninoy Aquino International) told journalists at an aviation forum this week that any IPO will not happen for several years.
“We have a plan to go public, […] it’s in the roadmap, but not immediate, not in the next two to four years,” Ricardo Isla said, adding that the airline remains lossmaking and needs to return to profitability before considering any public float. Previously, Philippines AirAsia had valued an IPO at around USD200 million.
The…
Source: ch aviation
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