SAN FERNANDO, Pampanga: AirAsia Philippines is hopeful its planned $250-million initial public offering (IPO) will go through in the fourth quarter of 2018 as it continues discussions with the Philippine Stock Exchange (PSE).

“We have a board meeting on May 25th and we are in the process of going through with the regulatory issues with PSE. We need some clearances from the board to wipe out our negative equity,” AirAsia Group Chief Executive Officer Tony Fernandes told reporters.

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