Southeast Asia Budget Carriers Seen Raising $750 Million in IPOs

Southeast Asia Budget Carriers Seen Raising $750 Million in IPOs

Tomohiro Ohsumi/Bloomberg

An AirAsia Japan Co. Airbus SAS A320 aircraft stands on the tarmac during the unveiling of the new livery of the company's aircraft at Narita Airport in Narita City, Chiba Prefecture, Japan. AirAsia is targeting an IPO for its Indonesia budget unit in the third quarter, which may have a market value of about $1 billion when listed.