Consolidated AirAsia Philippines and AirAsia Zest, Philippines (AirAsia) will push through with its $200-million initial public offering (IPO), but only by the first quarter of 2018, its top official said Tuesday.

“The IPO will definitely happen, but honestly, we have to defer it to first quarter of 2018.” AirAsia Philippines CEO Joy Caneba said in a press briefing.

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