Outrigger Hotels and Resorts
http://admin.travelmole.com/images/stories/2009/images/AirAsiaTech(2).jpg

Published on Wednesday, July 7, 2021

AirAsia's digital business seeking US public listing via SPAC






Low-cost airline AirAsia Group's digital division is mulling a US listing via a special-purpose acquisition company (SPAC).


It is aiming to raise about $300million in the IPO.


CEO Tony Fernandes said some a few tech-focused SPAC businesses have approached the group.


AirAsia has instructed auditors to explore a potential deal.


"We have now recruited our auditors to start preparing for an American listing, so that's very much on the table," he told Reuters.


The SPAC route offers a quicker and often cheaper way to a public listing, which has found favour with tech focused companies in the past couple of years.


The company's digital arm covers non-aviation travel and lifestyle services, logistics and fintech.


The group is also in talks with private equity businesses in Asia and is close to agreeing a US$1 billion loan with a US firm.


AirAsia also announced a deal to buy Indonesian ride-hailing firm Gojek's Thailand business in a stock swap transaction, valuing the deal at US$50 million.

Story Image



Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story


NOTE: Comments are subject to admin approval before being posted.
Mole Poll
Have you seen a surge in demand for US trips?



LATEST 'MOLE VIDEOS

UKinbound are in Manchester for the Annual Convention - What can you expect?

Qatar moved from red to amber list: Phil Dickinson details the growth plans for the destination

Japan - The bucket list destination - five experts describe a life in the day of a visitor

Lonely Planet launch UK Road trip Guide

Ottawa - Capital of Canada is open for business and ready for visitors

UPCOMING EVENTS
\m