The company aimed to raise Rp1.3 trillion to Rp1.8 trillion or US%150 million to US$200 million in funds through the IPO, AirAsia President Director Dharmadi said here on Thursday.
"We will conduct the IPO as early as at the end of the third quarter or the fourth quarter," he said.
The company would use proceeds from the IPO of its shares to buy new planes and strengthen working capital.
"We now have a fleet of 16 planes in Indonesia. We have set ourselves the target of operating 30 planes in 2015," he said.
Last year the company saw its income grow 37 percent to Rp2.76 trillion from the year before, while its net profit skyrocketed 351 percent to Rp474 billion.
He said the company had set an income growth target of 18 percent for this year.
Indonesia AirAsia is an Indonesian associate carrier of Malaysian low-fare airline AirAsia. It operates scheduled domestic and international services.
(Uu.S012/HAJM/A014)
Editor: Priyambodo RH
Copyright © ANTARA 2011
