AirAsia Philippines may go public before 2018 - INVESTOR ALERT

AirAsia Philippines may go public ahead of the original 2018 target as the airline may turn a profit before then, a company official told reporters Wednesday.

“We were ready to do battle last year. We were merged formally last year, so we’re trying to recover this year, and hopefully continue with the recovery next year to be able to go with the IPO (initial public offering),” President and CEO Dexter M. Comendador said.

AirAsia Inc., which started operating in the Philippine in 2012, and Zest Airways Inc. entered into a merger deal in October 2015 with the surviving entity named Philippines AirAsia Inc.

“It was difficult to create a new airline in 2012 when we started AirAsia in Clark. Then suddenly we had to expand by getting into Zest. We bought Zest kasi maganda ‘yung roots niya,” Comendador noted.

“I’m not very sure of the numbers, but we’re doing very good. Our load factor is between 70 and 80 percent and it's been increasing. That’s why we look forward to having more profit so we may be able to go on IPO later in 2018, hopefully,” the airline official claimed.

This year, three companies have so far raised additional capital via IPO.
Golden Haven Memorial Park Inc. sold P778 million worth of equity during its maiden share sale in June, while Cemex Holdings Philippines Inc. raised P25.1-billion in July and Pilipinas Shell Petroleum Corp. debuted on the Philippine Stock Exchange early this month with a P19.5-billion IPO.

Others planning to list on the PSE are TVI Resource Development (Philippines) Inc. (P1.66 billion), Pointwest Technologies Corp. (P2.21 billion), Green Power Panay Philippines Inc. (P222.8 million), Audiowav Media Inc. (P2.66 billion), Shakey's Pizza Asia Ventures Inc. (P5.5 billion), and Xeleb Technologies Inc. (P736.60 million). — VDS, GMA News - See more at: http://www.gmanetwork.com/news/story/588200/money/companies/airasia-phl-may-go-public-before-2018#sthash.TFXi2HKs.dpuf