Filipino low-cost carrier (LCC) Air Asia Philippines will delay a projected $200 million initial public offering (IPO) by 24 months to 1Q 2018, until the carrier has further consolidated its business in the local market. The original IPO date, set for 2016, “will definitely happen, (but) I think we will have to defer that to 2018, first quarter,” Philippines AirAsia CEO Joy Caneba said. The carrier said it would initially look to raising $60 million through a cash call in 2016, ...

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