AirAsia to raise capital for digital venture

AirAsia Group chief executive officer Tan Sri Tony Fernandes said the airline has secured some debt capital which would benefit its logistics arm, Teleport, and its food and beverage business, Santan.

KUALA LUMPUR: AirAsia Group is looking to raise capital to fund its digital venture arm, AirAsia Digital, said group chief executive officer Tan Sri Tony Fernandes.

He did not disclose the amount of the capital but said that it need not be huge to make the whole digital journey successful.