AirAsia plans to raise RM1.2bil to expand digital arm

The budget airline is in talks with prospective investors for what would be the first financing round for its digital arm and is working with at least one adviser on the potential deal, the sources said.

KUALA LUMPUR: AirAsia Group Bhd plans to raise as much as US$300mil (RM1.2bil) to expand its digital business arm AirAsia Digital, according to sources.

The budget airline is in talks with prospective investors for what would be the first financing round for its digital arm and is working with at least one adviser on the potential deal, the sources said.