MANILA, PHILIPPINES -- Philippines AirAsia (PAA), a subsidiary of The Air Asia Group
Berhad has reported a profit from its 2019 amounting to $35 million. A turn
around from its $69 million loss last year.
Philippines AirAsia's plan to raise USD200 million though an IPO has been pushed back to near the end of 2021 mostly attributed to the current worldwide downturn caused by the Corona virus.
Philippines AirAsia's plan to raise USD200 million though an IPO has been pushed back to near the end of 2021 mostly attributed to the current worldwide downturn caused by the Corona virus.
PAA CEO Ricardo
Isla has said in a statement that the airline's strategy is to focus on key
domestic flights. Plans to double PAA's fleet in two years fuelled by its
IPO.
Philippine
AirAsia operates out of the Philippines from Manila, Clark, Cebu and Kalibo
airports.
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