ActionScript 3 project show blank screen when package with IntelliJ

I have an AS3 mobile project, everything is working fine with intelliJ 12.0 with Air 3.6
Now I updated to intelliJ 12.1 and using Air 3.7 ASC 2.0 SDK to package the app for adhoc distribution.
I have successfully compiled the ipa but when i installed and open on iPad the app is having blank screen.
I have no additional  compiler options. and ASC 2.0 has been enabled for the SDK settings. Why is this happening while debugging works fine(fast packaging), showing all the UI i have in my app?


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