AirAsia appoints IPO bookrunners

AirAsia has appointed Credit Suisse First Boston (CSFB) and RHB Sakura Merchant Bankers (RHB) as the bookrunners for the company's upcoming Initial Public Offering (IPO).

Kamarudin Meranun, Executive Director, AirAsia said, “Both CSFB and RHB have been strong AirAsia supporters and we are pleased to work with them on this landmark event. The IPO strengthens our balance sheet, further cuts our existing low costs at 2.5 US cents per ASK and accelerates our growth plans throughout Asia.

One of the primary reasons for the IPO is also to reward AirAsia's employees who have been instrumental in our success and the Malaysian public who have been supportive of AirAsia. Without both parties, we wouldn't have been where we are today. This is the shareholders' way of saying thank you.”