AirAsia posits Philippine IPO, proposes share buy-back.

After repeated deferrals, Philippines AirAsia's IPO appears to be back on track for 2019. Going public this year could raise more than USD200 million to boost capacity, Tony Fernandes, CEO of AirAsia Group, told reporters at a press conference in Manila. The group had originally planned to list some of its low-cost South-East Asian units in 2017, but volatile markets and business challenges pushed it back to 2018 and now again to 2019. "We're getting close. Hopefully we can do it this year," Fernandes assured in a report by The Philippine Star.

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