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AirAsia Plans Share Sale of Indonesia Subsidiary Early Next Year

AirAsia Bhd., Asia’s second-largest budget carrier by market value, plans an initial public offering of its Indonesia business early next year as travel demand surges.

The airline will assign bankers for the IPO soon and will make an announcement on the offering in the next couple of months, Tony Fernandes, the group’s chief executive officer, said in a Bloomberg Television interview with Rishaad Salamat. A share sale for AirAsia’s Philippine business will follow, he said.