Jun 10, 20 airasia x and its shareholders are offering 790. 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 prospectus local english 20101029 securities act. Airasia x flies to destinations within asia, australia, and the.
The directorsshareholders of airasia x bhd, which is part of the group of airasia bhd, namely tan sri tony fernandes, datuk kamarudin. With the improved flight time for xiy, ctu, tpe, mel and the activation of 36 new. Prospectus the total document has 492 pages in pdf format, a huge amount that is very hard to digest but which is. Airasia x has registered its preliminary prospectus which can be found here on the website of the sc. Philippines airasia ipo back on for 2018 chaviation.
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. 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. 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. Dec 17, 20 loyaltylobby reader sent me a link to an article on wsjs marketwatch access the piece here that discusses the ipo s consequences to the hotel loyalty guest. It is the only airline in the world with cask below usd4 cents. As early as 2015, the newly founded philippines airasia z2, manila ninoy aquino intl said it would go public in 2018, with thenceo joy caneba saying the airline would secure its market presence in the philippines first. Currently, it serves 14 destinations acorss asia, australia and the middle east, with 11 a330300 planes. Indonesia airasia plans ipo on indonesia stock exchange.
Airasia shares tumble as india probe threatens ipo plans. Proxy who attended on behalf of shareholder, free ticket will go to the shareholder. Indonesian actress raline shah has been chosen as airasias independent. Airasia denies wrongdoing in dealings with rollsroyce. The up to 889,535,770 free detachable warrants to be issued together. Why airasia x ipo doesnt make any sense tony fernandes is god. Pdf this case details the rise and expansion of airasia in southeast asia. Notice accompanying the electronic prospectus of airasia x berhad airasia x or the company dated 10 june 20 electronic prospectus unless otherwise indicated, specified or defined in this notice, the definitions in the prospectus shall. Airasia x ipo an expensive bet on rough aviation market. Hilton has devalued the hhonors program several times in the past few years read more about the march changes here and the recent ditching of fixed miles double dip option read more here is only the latest move. Please download the free adobe acrobat reader to view these documents. Airasia prospectus local english 20101029 free ebook download as pdf file.
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. Jun 11, 20 airasia x bhd, a longhaul lowcost airline is scheduled to be listed in main market of bursa malaysia on 10th july 20. Ipo prospectus lfx prospectus corporate governance and sustainability labuan international financial exchange lfx market participants listing sponsors list issuers financial instruments. 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. Affin hwang capitals aaron kee reckons the airasia proposed ipo is a good idea, though notes regulatory hurdles. Initial public offering, of which 583,757,800 new shares the issue shares. 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. Usage of the airasia website states your compliance of our terms of use and privacy policy 2020 airasia group berhad. Visitors walk next to air asia xs new airbus a330 aircraft during a. The company has launched its prospectus on june 10 20 for its initial public offering ipo pursuant to the companys listing on the main market of bursa malaysia securities berhad bursa malaysia in july 20.
The deal is slated to be priced on june 24, with its debut set for july 10. Jan 10, 2018 airasia group ceo tony fernandes today said that airasia india has plans for an ipo. Foreign and local underwriters will be appointed for the planned initial public offering ipo, according to airasia group chief executive and founder tony fernandes. Airasia x has secondworst trading debut in malaysia. Airasia berhad incorporated in malaysia with limited liability under the companies act, 1965 company no. May 31, 2014 this is an article i posted june 20, before the ipo of airasia x the company ipo at rm1. Airasia x sets indicative price for rm900m malaysia iposources airasia x has set an indicative price of 1.
Airasia x berhad previously known as flyasianxpress sdn. Thai air asia x planning to launch ipo financial times. Crescent air asia investments, ltd caal and deucalion capital ii. Late last year, however, tony fernandes, group ceo of. Dealings in listed securities chapter 14 of listing requirements. Serious investing has written about it on his blog. He must have got the prior green light from ministry of transport both in malaysia and australia for the. On tuesday, the groups longhaul unit, airasia x bhd swung to a net profit of 11. Airasia x s shortest route is three and a half hours other players in the mediumlonghaul segment are not. The prospectus for the forthcoming ipo for airasia x, a separate business from airasia, shows that the lowcost longhaul model can be. Airasia and airasia x are separate legal entities operating different business models, but utilize the same branding. In fact, more than 55% of the funds to be raised will be for debt repayment. During 1h2012, a challenging time for the global industry, airasia x reported a respectable 7.
It commenced operations on 2 november 2007 with its first service flown from kuala lumpur international airport, malaysia, to gold coast airport in australia. Airasia indonesia eyes ipo before end of 2017 asia first. Loyaltylobby reader sent me a link to an article on wsjs marketwatch access the piece here that discusses the ipos consequences to the hotel loyalty guest hilton has devalued the hhonors program several times in the past few years read more about the march changes here and the recent ditching of fixed miles double dip option read more here is only the latest move. Airasia x is the king of low costs airasia x has the lowest unit costs in the industry. 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. Please download the free adobe acrobat reader to view these documents investor relations. Aug 10, 2017 budget airline airasia reaffirmed its plan to list on the indonesia stock exchange before the end of this year after shelving the proposal in mid2016. This is an article i posted june 20, before the ipo of airasia x the company ipo at rm1. This is aided by airasia x operating longer average stage lengths about 5,000km than other lccs. Airasia x is a leading long haul low cost carrier since operating on nov 2007, primarily in the asia pacific region.
Airasias philippine unit is seen to go public in 2018, as it continues to remain cash positive this quarter, group ceo tony fernandes says. Airasia x berhad launches prospectus in conjunction with listing on bursa malaysia lowcost longhaul airline to raise up to rm859. Despite suggesting that it might be moved forward to 4q17, philippine airasia s ipo is now back on track for 2018. Airasia x bhd, a longhaul lowcost airline is scheduled to be listed in main market of bursa malaysia on 10th july 20. Crescent air asia investments, ltd caal and deucalion capital ii limited. Airasia shares tumble as india probe threatens ipo plans by. Malaysiabased airasia is considering an initial public offering for its indian unit and seeking a partner for its services business, the carriers group chief executive tony. The initial public offering consists of an institutional offering the. 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 its summary prospectus issued on monday, airasia x said the enlarged paidup would be 790. Jun 09, 2010 malaysian longhaul budget carrier airasia x plans to launch an initial public offering in the second half of 2011 to tap public funds for growth, a newspaper reported on wednesday.
The article of indirect promotion of airasia x ipo in page 3 of starbiz 18620 where tan sri tony fernandes was quoted to have said amongst other things may be we will increase the flights to melbourne to twiceaday by yearend. 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. The initial public offering ipo consists of institutional offering of up to 538 million shares and retail offering of 252 million shares. Thai airasia conducts ight operations in accordance with thai airasias operations manual. Airasia x s prospectus states a pro forma gearing ratio of 0. 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. 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. Analysts have said with last months general election over, investors are looking for a wide range of stocks in southeast asias third largest economy. 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 said that the credits were used to offset the operational costs of the corporate jet used by senior executives of airasia x the carriers longhaul arm for business travel.
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. Jan 10, 2018 malaysiabased airasia bhd is considering an initial public offering for its india unit and seeking a partner for its services business, the carriers group chief executive tony fernandes said on. All references to our company or aax in this abridged prospectus are to airasia x berhad, and. Remember, a huge sum of airasia s model is based on early cash collection. 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. Airasia explores ipo for india unit the hindu businessline. B k sidhus source said airasia x ipo over subscription. Airasia x, the longhaul business of malaysian budget airline airasia, plans to offer up to 790. Will76 breaking news from the edge midf research has maintained its trading sell rating on airasia x bhd aax at 11 sen with an unchanged target price of 3 sen after the airline recorded a drop in preliminary available seat kilometres ask by 21% yearonyear yoy to 6. Sap gr oup llc, reported in airasias ipo prospectus, 2004. Growth rates could pick up again in 2016 or 2017 if market. Amounts include domestic and international air travel tofrom reporting airports in the countries shown and may. B k sidhus source said airasia x ipo over subscription rate is 5 to. In conjunction with the ipo, the company implemented an employee.
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