AirAsia India looks at IPO, to appoint banker soon

AirAsia India looks at IPO, to appoint banker soon

AirAsia India will appoint a banker and look at floating an IPO soon, says promoter Tony Fernandes

Loss-making AirAsia India will appoint a banker and look at floating an initial public offer (IPO) soon, its promoter Tony Fernandes said in a social media post on Wednesday morning.

“AirAsia in the process of appointing a banker to find a partner for our profitable and successful shared services centre… AIRASIA will be seeking approval at the next AIRASIA India board to pick a banker to start prelim process. Very valuable asset with huge growth potential. Analysts giving zero value to AirAsia india. Not far from 20 planes and a potential IPO,” Ferandes said in a series of tweets.

AirAsia India, which commenced operations in June 2014, has a 4% domestic market share with a fleet of 14 Airbus A320 aircraft and competes with budget airlines like IndiGo and SpiceJet.

AirAsia’s net loss had narrowed by 74% to Rs. 16.4 crore in the September quarter from the year-ago period. SpiceJet reported a 79% increase in net profit to Rs. 105.3 crore in the September quarter from Rs. 58.9 crore in the year ago.

Rival budget carrier IndiGo’s parent InterGlobe Aviation Ltd’s net profit almost quadrupled to Rs. 551.55 crore in the September quarter from a year ago, helped by credits received from manufacturers for aircraft delivery delays and grounding, besides better revenue management. AirAsia will be a 20-aircraft airline this year and hopes to fly abroad after that.

SpiceJet and IndiGo, which are listed companies, have a fleet of about 57 and 150 planes and have a market cap of about Rs. 8,000 crore and Rs. 47,000 crore, respectively.



News Source:

About author

TnH Global
TnH Global 4066 posts

Our platform is the most comprehensive, current and accurate content destination for tourism that also offers the opportunity to connect and network with quality buyers and sellers.

Name: TnH Global              Email:

You might also like


A better deal is needed for adventure tourism post HC’s ban on water sports

In an order which is likely to have far-reaching implications for Uttarakhand’s adventure tourism sector, the high court has banned all water sports, paragliding and white river rafting in the


The ‘new normal’ of MICE: A holistic view by Taiwan Tourism Bureau

Launched a Taiwan Global Anti-COVID-19 Pavilion website ( as well as a series of integrated online services More than 50 such events held in the month of July Creating an


Keys Hotels celebrates 12 years of creating happy experiences

On this occasion, announces to add another 1500 room keys in next three years Keys Hotels, a part of the Los Angeles based Berggruen Group, is celebrating 12 years of


India’s first Bulletin train project: a giant leap towards modernizing Indian railway

In a big leap towards modernizing its railway transport system, India, after decades of dilly-dallying, launched the work of its first bullet train project. PM Narendra Modi and visiting Japanese


The Landmark Mandarin Oriental, Hong Kong Launches Redesigned Luxurious Guestrooms

The Landmark Mandarin Oriental, Hong Kong located in the centre of the city’s luxury shopping and financial district is delighted to announce a beautiful new redesign of all of its


Lords Hotels & Resorts wins accolades at Gujarat’s Tourism Awards 2017

Retains title of the ‘Best Hotel in Gujarat’ Lords Hotels & Resorts has been recognized as Gujarat’s best hotel chain at the recently concluded Tourism Awards 2017 held in Ahmedabad,


Thomas Cook (India) Limited announces strong consolidated results for the year ended March 31, 2017

Group Consolidated:  ⦁ Total Income increase of 41% from Rs. 61.6 Bn. to Rs. 86.8 Bn.  ⦁ PBT (before exceptional items) increased by 101.9% from Rs 947.7 Mn. to Rs.


Linkin Reps appointed as PR & Media representative for Turkish Culture and Tourism Office in India

Adding one more feather to its cap, Linkin Reps recently bagged the PR & Media representation account for Turkish Culture and Tourism Office in India. A leading travel representation company


The Venetian Macao & newly opened The Parisian Macao to participate in SATTE 2017 Trade Show in India

Accommodation, entertainment and MICE packages to be highlighted in New Delhi for South Asia’s leading travel show February 15-17. Sands Resorts Macao properties including flagship The Venetian® Macao; Conrad Macao,


Sabre taps Traci Mercer to lead B2B digital commerce for hotel, car, cruise and rail

Sabre Corporation, the leading technology provider to the global travel industry, has appointed Traci Mercer as senior vice president of hotel, car, cruise and rail, to lead commercial efforts and


Lufthansa carried out repatriation flights

  On 25th March 2020,  a Lufthansa A380 aircraft departed at 12:45 pm CET as repatriation flight LH9912 from Frankfurt to Delhi. It arrived at around midnight at Indira Gandhi Airport in Delhi. The

Argentina had an outstanding participation in IBTM World Fair in Barcelona

INPROTUR attended one of the most important meetings Meetings Tourism. The Ministry of Tourism of the Nation, through the National Institute of Tourism (INPROTUR) participated with great success of the


No Comments Yet!

You can be first to comment this post!