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AirAsia to raise up to $238m via rights issue to weather global travel slump

AirAsia to raise up to $238m via rights issue to weather global travel slump
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Malaysia s AirAsia targets $300 mln raise via U S listing of digital business

Malaysia s AirAsia targets $300 mln raise via U.S. listing of digital business Kamis, 08 Juli 2021 / 10:18 WIB Sumber: KONTAN.CO.ID -  KUALA LUMPUR. Malaysia s low-cost airline AirAsia Group Bhd is considering a listing of its digital arm via a special-purpose acquisition company (SPAC) in the United States to raise at least $300 million, its chief said on Wednesday. Group Chief Executive Tony Fernandes told Reuters in a virtual interview that a few SPACs focused on technology have approached the group, and AirAsia has engaged auditors for a deal to list the unit, which comprises a travel and lifestyle services platform, logistics and fintech businesses.

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