AirAsia X will be spun off into a standalone, publicly traded company with an IPO targeted for the second half of 2011, subject to market conditions, AirAsia Group said yesterday. The long-haul arm was launched in November 2007 "and is now reaching sufficient scale economies to stand on its own instead of relying on services provided by AirAsia," the company stated. AirAsia also will seek separate listings for its Thailand- and Indonesia-based affiliates. "After more than ...

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