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AirAsia Indonesia to Sell around 20 Pct Stake Via IPO
Jimmy Hitipeuw | Kamis, 3 Maret 2011 | 12:18 WIB

AirAsia Airbus A320 planes are at the Soekarno-Hatta international airport, Tangerang

JAKARTA, - Airline company PT AirAsia Indonesia plans to sell around a 20% stake through an initial public offering in the fourth quarter, its chief executive told reporters Thursday.

“We expect to raise up to $200 million from the IPO,“ AirAsia Chief Executive Dharmadi said.

He said that his company has named CIMB Securities Indonesia and Credit Suisse Securities Indonesia as joint-lead underwriters for the IPO.

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