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AirAsia drops Indonesian subsidiary IPO plans

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AirAsia drops Indonesian subsidiary IPO plans

AirAsia has decided against selling-off its subsidiary Indonesia AirAsia in an IPO, citing the airline’s recent poor financial performance. AirAsia Group CEO Tony Fernandes said: “Indonesia AirAsia is not making money, so going for an IPO without a good financial record is not the norm. It is al...

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