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AirAsia eyes US listing of digital business this year

Bloomberg
Bloomberg • 3 min read
AirAsia eyes US listing of digital business this year
The plan comes as the airline doubles down on its digital strategy as air travel suffers.
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AirAsia Group Bhd. is exploring the possibility of listing either its AirAsia Digital or AirAsia SuperApp in the US as early as this year, as Southeast Asia’s second-biggest budget carrier plans to expand its digital operations, the airline’s chief executive officer said.

“We’ve received a lot of interest from SPACs,” AirAsia Group Chief Executive Officer Tony Fernandes said in an interview, referring to special purpose acquisition companies. “We have hired accountants, so we are taking it quite seriously to change our accounts” to follow US methods.

The plan comes as the Malaysia-based budget airline doubles down on its digital strategy as the pandemic continues to wreak havoc on air travel. AirAsia announced Wednesday that it’s buying Gojek’s businesses in Thailand for US$50 million through the issuance of shares in AirAsia SuperApp.

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