AirAsia plans $300 million funding round for digital arm
Photo via Bloomberg
Published 06 Apr,2021 via Bloomberg Markets - AirAsia Group Bhd. plans to raise as much as $300 million to expand its digital business arm AirAsia Digital, according to people with knowledge of the matter.
The Malaysian budget airline is in talks with prospective investors for what would be the first financing round for its digital arm and is working with at least one adviser on the potential deal, the people said. The fundraising would involve issuance of new shares in the digital unit, the people said.
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Elffie Chew and Yantoultra Ngui