- Briefing Your roundup of Asian tech and startup news that matter
Miguel Cordon · · 1 min readReport: AirAsia eyes US listing of digital unit within the year
“AirAsia Group is exploring the possibility of listing either its AirAsia Digital or AirAsia SuperApp in the US as early as this year, as Southeast Asia’s second-biggest budget carrier plans to expand its digital operations,” Bloomberg reported, citing the airline’s CEO Tony Fernandes.
Details:
- In an interview, Fernandes said that the company has hired accountants after receiving interest from various special purpose acquisition companies.
- BigPay, AirAsia’s digital wallet, is also expected to announce a transaction that would give it “a very nice valuation,” the CEO added.
Dive deeper:
- AirAsia’s pivot towards a super app comes amid an unprecedented crisis that has brought the travel industry to its knees.
- The development comes after it was reported that AirAsia is finalizing a deal to acquire Gojek’s business in Thailand. In return, Gojek will get a stake in AirAsia’s super-app business.
- This week, it also launched a grocery delivery app in Singapore called AirAsia Fresh, following the rollout of its food delivery service in the city-state.
Editing by Collin Furtado and September Grace Mahino
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
