KUALA LUMPUR (Reuters) - Malaysia's low-cost airline AirAsia Group Bhd is considering a listing of its digital arm via a special-purpose acquisition company (SPAC) in the United States to raise at least US$300 million, its chief said on Wednesday.
Group Chief Executive Tony Fernandes told Reuters in a virtual interview that a few SPACs focused on technology have approached the group, and AirAsia has engaged auditors for a deal to list the unit, which comprises a travel and lifestyle services platform, logistics and fintech businesses.
Already a subscriber? Log in.
Unlock 30% Savings on Ad-Free Access Now!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
