(Jan 10): Malaysia-based AirAsia is considering an initial public offering for its Indian unit and seeking a partner for its services business, the carrier's group chief executive Tony Fernandes said on Wednesday.

This is the latest in a series of asset monetisations being undertaken by the budget airline group, which this week received shareholder nod for a reorganisation to make AirAsia Group the listed holding company for assets across Asia.

AirAsia has already completed a backdoor listing of Indonesia AirAsia TBK PT and finalised a $119.3 million joint venture for its ground-handling business with Singapore's SATS. Its Philippine unit is looking to raise up to $334 million via an IPO in mid-2018.

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