Sunday, November 22, 2009

AirAsia plans Thai, Indonesia listings - paper

20 November 2009

KUALA LUMPUR- Malaysian low cost carrier AirAsia (AIRA.KL) plans to list on the Thai stock exchange and later on in Indonesia, its chief executive Tony Fernandes told the Business Times newspaper.

"The plan is to list AirAsia group in Thailand and later in Indonesia," Fernandes told the paper in an interview published on Friday ahead of the company's third-quarter earnings.

Fernandes said the move would enable AirAsia to tap into other liquid Asian stock markets and said the airline was "looking at issuing new shares".

Malaysian bank CIMB (CIMB.KL) recently listed in Thailand.

AirAsia's share price has gained 52 percent since the start of the year, outperforming the 45.4 percent rise in the broader market index .KLSE.

(Reporting by David Chance; Editing by Valerie Lee) ((david.chance@thomsonreuters.com; +603 2333 8033; Reuters messaging david.chance.reuters.com@reuters.net; bureau email areuters@gmail.com))

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