AirAsia X ready for listing

AirAsia Group chief executive Tony Fernandes has confirmed that AirAsia X is now ready for a June listing on Bursa Malaysia. Fernandes says that all of the listing-related documents have been submitted along with the listing application and prospectus to the Securities Commission (SC) for approval and the airline is now only awaiting a favourable reply. The listing, which is now expected to occur in June, should raise about US$250million, which the airline intends to use to repay bank debt and capital expenditure. AirAsia X has appointed CIMB Investment Bank as its principal advisor for the IPO, while Maybank Investment