ffi10 BUSINESS Thursday, 1O October 2019

Daily Tribune

Legislator sole AirAsia phl owner

By Angolica Ballcatoros into a billiondollar company in revenue rcrms
over the
next few veam.
House Depury Speaker Michael "Mikee"
. Romero. whn
..T" B* a business plan... t0 $ow ftjs comparv inr0
is also repesentative of l-pacman p"rtvti", ir-""* if,l, ,"ii
local owner of Philippines AirAsia Inc. i l}l*d..ttll.(ryt") in tirms of rienues, and rhar bilion
qouars, we t hit it probably 2021 or 2022,"
At the sidelines oI the launching of its new he said.
headquarteB in
^ he said he acquirea *re're.mxrine .He
said he was also rargeting net income
,by then. of $100 rnillion
l}_g-jg::.Tqfday
Io percem $al(ein AirAsia philippines from
businesman Toni lhis year, AirAsia philippines expecrs to p29
DoyrjoJuangm uuowh his company,I\rR book
-ye. have successfully acquired j6.6
lbldings ".,,Ior
ouron ln, revenues and p2 billion in net
income, or
percen-t 0f the lasr a
-- reversal from a series of net losses the past tew years
as
fi ilHffi ffi1 "llTf#ilThff ffi [ri,T*i a result of the company's acquisirion
of Zest Air,
id AirAsia PhiliPPines shoulder bared
percent," Romero said.
The remaining 40 percenr is owned
t".*tit!'ttffi ,ffXff
.
tbunders,Tony Fernandes and Ikmarudin
by AirAsia Group
'
Menardum.
r0r the rattonale behind the purchase,
._ Lr)$Go he said: "Ihis
is-business for
Te qd my wife that;;il;;r;";:
noc generstion." arldinr,hqi i' -^-r,r -^-- ^-..-. .,-:-

IPO in Ure oiflng

frnance its oeansion plarN.
said AirAsia philippines
unt€re$ed in fsting its shaxes
it the Philippine S.tock brcharue,
The budget carrier is "now
mnsidering a corporate re#udurim
tlutwil inctude filtre d fte Seo.di;
and Exchange
!!u !^ur@r$E vuI(lu$slon
Commission an
application to increase ifs arflndzed
capit l Socli
.. Upon clearing approval,
AirAsia philippines tarsets to
AIR Asia's Aifius Ag20 jefliner.
publiclyJist between th; third
quarter of 2020 up to early 2021.

P,4€E Blo