Indonesia AirAsia (QZ, Jakarta Soekarno-Hatta) will execute a number of agreements which will see it listed on the Indonesia Stock Exchange through transportation and warehousing company Rimau Multi Putra Pratama (RMPP). The company will become the new holding of Indonesia AirAsia (IAA), while two of AirAsia's units – AirAsia Investment Ltd (AAIL) and Fersindo Nusaperkasa (FNP) – will become owners of RMPP.

The backdoor listing is expected to be completed by 4Q17.

In its filing, AirAsia says that the listing will "provide IAA direct access to the equity and debt capital markets for future fund raising and provide AirAsia Group with the financial flexibility to pursue growth opportunities in the region and beyond".

The transaction is subject to approval from RMPP's shareholders.

Outlining its future prospects, IAA says that it aims to double its fleet of seventeen aircraft – all A320-100/-200s – by 2020. It also says that its strong partnership with the rest of AirAsia Group gives it leverage within Indonesia's aviation market.

In a parallel announcement, AirAsia Bhd is planning an internal reorganisation that will simplify its holdings and company structure. Under the new structure, AirAsia will separate its investment holding business from its Malaysian airline business. The new holding company is called Newco, and several new administrative entities will be transferred to sit under it.