ILOILO - Low-cost carrier Philippines Airasia said it would launch a $250-million initial public offering in mid-2018.

“BDO is working on it. Middle of next year, we’ll get it,” AirAsia Philippines President and Chief Executive Officer Dexter Comendador said in a media briefing held at the Iloilo International Airport on Sunday. The IPO was originally scheduled to be launched this year but was deferred.

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