AirAsia mulls listing in US to raise over RM1bil

AirAsia mulls listing in US to raise over RM1bil

The listing of its digital arm would be done through a special-purpose acquisition company, says AirAsia Group chief Tony Fernandes.

Tony Fernandes says the listing of its digital arm in the United States could happen in five months.
PETALING JAYA:
AirAsia Group Bhd (AirAsia) is mulling listing its digital arm in the United States to raise around US$300 million (RM1.25 billion), its chief executive Tony Fernandes said.

He said the listing would be done through a special-purpose acquisition company (SPAC), several of which have approached the group, Reuters reported.

“We have now recruited our auditors to start preparing for an American listing, so that’s very much on the table,” he was quoted as saying.

According to Fernandes, Rothschild is working on the listing that could happen in five months.

The group, he also said, was in discussions with other suitors, including Malaysian and Indonesian private equity.

Fernandes went on to say that talks with a US company over a US$1 billion loan for the digital business were at “near conclusion”.

AirAsia has been looking to raise up to RM2.5 billion since last year to cushion the impact in global travel following the Covid-19 pandemic.

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