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AirAsia parent Capital A to list brand management arm on Nasdaq via SPAC deal

AirAsia parent Capital A to list brand management arm on Nasdaq via SPAC deal
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AirAsia parent plans to raise more than $1 billion in debt, equity

Capital A CEO Tony Fernandes has agreed to a deal with Aetherium Acquisition, a special purpose acquisition company, and plans to list several businesses through it next year, the FT reported, citing two people familiar with the deal. This includes a new business extending the AirAsia brand to companies hoping to start airline franchises in developing countries, the report said. Capital A and Aetherium Acquisition did not immediately respond to Reuters' requests for comment.

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