AirAsia Group Bhd said on Thursday (Oct 14) the company has renamed its 100%-owned subsidiary AirAsia Investment Ltd to AirAsia Aviation Ltd in a corporate reorganisation to create a clear distinction between AirAsia Group’s airline and digital businesses.
AirAsia Group Bhd group chief executive officer Tan Sri Tony Fernandes said on Tuesday (Oct 12) that the budget airline's digital businesses which have a valuation of over US$1 billion (about RM4.17 billion) have achieved the unicorn status in record time at under two years since the group accelerated the growth momentum of its non-airline businesses during the Covid-19 pandemic-driven aviation sector downturn.