AirAsia's Fernandes says looking for a partner in China

Peter Parks | AFP | Getty Images

AirAsia Group CEO Tony Fernandes speaks at a press conference in Sydney on March 12, 2015.

“Everyone looks at just bringing the Chinese out, but we have a dual market where a lot of Southeast Asians are going out to China,” Fernandes said.

AirAsia currently flies to 15 Chinese destinations, including secondary and tertiary cities.

But AirAsia wouldn’t necessarily be looking at China’s largest cities.

“We are not interested in developing what has already been developed…what we have been good at is developing new markets, new traffic, and opening up different parts of China,” he added.

Additionally, the budget carrier has been eyeing a new listing in Hong Kong as it expands into North Asia, Reuters had reported in July.

“A consolidated AirAsia where we own 100 percent of all the airlines, can be moved forward through a different listing,” Fernandes told CNBC.

— Follow CNBC International on Twitter and Facebook.