KUALA LUMPUR (Dec 29): AirAsia Bhd group chief executive Tan Sri Tony Fernandes today reiterated the low-cost carrier's plan to combine all its airline businesses under one listed vehicle after completing the back-door listing of its Indonesian unit PT Indonesia AirAsia (IAA) on the Indonesia Stock Exchange in Jakarta today.
In a Twitter post this morning, Fernandes said subsequent to the public listing, IAA will raise additional capital and make it a billion dollar company.
"Big day IAA is public. I think only the second public airline in Indonesia. Stage two capital raise. Billion dollar company soon. And analysts valued it as zero and asked us to close it down. Take the long view. Huge growth. [Philippines] next, then we combine all into one listed vehicle," he said.
Fernandes has been telling media that the public listing of Philippines AirAsia Inc is expected to happen in 2018, and his ultimate plan is to form a public listed Asean holding company to own all airlines under AirAsia.
In August this year, AirAsia announced its plan to inject 57.25% of IAA shares into Jakarta-listed logistics and warehousing firm PT Rimau Multi Putra Pratama TBK via a debt-and-share-swap deal.
Earlier this month, AirAsia International Ltd executive director Rozman Omar reportedly said after the completion of the public listing, AirAsia has an effective interest of 48% in the listed entity, through direct and indirect interest.
Meanwhile, Fernandes on Dec 13 had said AirAsia shares were worth RM6.
He had tweeted: "I told analysts we were worth RM3 when we were 70 sen. Now I say we are worth RM6. There is no airline that has as much growth as AirAsia with a huge digital strategy that has assets worth more than our present market capitalisation."
At 12.30pm, AirAsia stood at RM3.36, gaining three sen or 0.9%, giving it a market capitalisation of RM11.23 billion.
http://www.theedgemarkets.com/article/fernandes-reiterates-plan-combine-airasias-biz-under-one-listed-vehicle
Big day AirAsia Indonesia is public. I think only the second public airline in Indoensia. Stage 2 capital raise. Billion dollar company soon. And analysts valued it as zero and asked us to close it down . Take the long view. Huge growth. pic.twitter.com/keMXFZOeS8
— Tony Fernandes (@tonyfernandes) December 29, 2017
I told analysts we we were worth Rm3.00 when we were 0.70 cents. Now I say we are worth 6.00. There is no airline that has as much growth as airaosa with a huge digital strategy that has assets worth more than our present market capitalisation.
— Tony Fernandes (@tonyfernandes) December 12, 2017
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supersaiyan3
Hope next year TF can tell analyst Airasia is worth RM12 when share price is RM24.
2017-12-31 08:48