AirAsia Takes Off

AirAsia, the Malaysia-based budget carrier with the black leather seats and the perky flight attendants, appears on course to join the world’s big air carriers, expanding aggressively across the region, with plans to buy hundreds of new aircraft. The carrier hopes to raise US$150-200 million in an IPO slated for the Jakarta Stock Exchange in the fourth quarter of this year, company officials say, underwritten by CIMB-Indonesia and Credit Suisse.

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