Malaysia's AirAsia targets $300m raise via US listing of digital business

Malaysia’s low-cost airline AirAsia Group is considering a listing of its digital arm via a special-purpose acquisition company (SPAC) in the United States to raise at least $300m, its chief said on Wednesday. Group CE Tony Fernandes said 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. “We have now recruited our auditors to start preparing for an American listing so that’s very much on the table,” he said, adding that Rothschild is working on the listing that could happen in five months. The group is also in discussions with other suitors, including Malaysian and Indonesian private equity, Fernandes added.<br/>