Malaysian aviation company Capital A has reportedly reactivated plans to publicly list Philippines AirAsia (Z2, Manila Ninoy Aquino International) after finalising the purchase of a 60% stake from Michael and Shiela Romero earlier this year.

When Capital A subsidiary AA Com Travel Philippines Inc acquired the Romero's shareholding in early June, Capital A CEO Tony Fernandes said an IPO had been under discussion but was not on the short-term agenda because of market volatility. Instead, he pledged to invest USD1 billion to grow the LCC.

However, in late November, Capital A told Reuters it was exploring financing options for Philippines AirAsia and Indonesia AirAsia, including a potential "near term" IPO for Philippines AirAsia.

After taking full ownership, Fernandes said he would double the airline's 25-strong A320-200 fleet and add A330 widebodies. The LCC flies to 26 destinations in nine countries, including China, Thailand, Hong Kong, Taiwan, Malaysia, Macao, Japan, and South Korea.