AirAsia, AAX dip after saying dual listing not an option

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KUALA LUMPUR (July 13): Shares of AirAsia Bhd and AirAsia X Bhd dipped in active trade this morning after AirAsia clarified that a dual listing is not an option the budget airline is formally considering at the moment.

The low cost carrier also highlighted that the company is not pursuing any new joint venture in China.

At 9.14am, AirAsia fell 0.37% or 1 sen to RM2.70 with 6.71 million shares done while AAX lost 1.28% or half a sen to 38.5 sen with 3.64 million shares done.

"Currently AirAsia is not pursuing any new joint venture proposals as we continue to focus on launching AirAsia Japan as well as strengthening our existing joint venture airline operations within Asean and India," it said yesterday.

It was reported earlier that the low-cost carrier is eyeing a Hong Kong listing as it expands in North Asia.