US$1bil loan offer for AirAsia's digital assets

AirAsia Group CEO Tony Fernandes speaks in Kuala Lumpur, Malaysia October 8, 2020. - Reuters

PETALING JAYA: An American lender is willing to loan AirAsia Bhd US$1bil for its digital assets it has accumulated from its business over the years.

AirAsia Group Bhd CEO Tan Sri Tony Fernandes did not reveal the name of the potential US lender but spoke on how its data-driven new “super app” would become an equal contributor to group profit with its airline business in five years.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

AirAsia , Tony Fernandes , loan offer , data , digital ,


Next In Business News

Temasek unit raises US$3.3bil in flagship fund investing in China
Sime Darby Plantation partners India's Godrej Agrovet
PayNet clarifies on DuitNow QR imposition concerns
HSBC to acquire Citigroup China consumer wealth business -sources
Singapore govt announces additional US$802mil to ease cost of living
Australia job vacancies tumble from record levels in latest quarter
X CEO Yaccarino says Musk-owned platform could turn a profit next year
Dollar shines as oil surge spooks investors
Shares of China Evergrande suspended as chairman under police watch
US SEC nearing settlement with Wall Street firms over WhatsApp probe -sources

Others Also Read