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AirAsia mulling US listing
Thursday, 13 Jun, 2022
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Malaysia-based Capital A Group is planning US listings for low-cost carrier AirAsia airline and its super app, according to boss Tony Fernandes.
“We think the time is right for part of Capital A Group to be listed in the US,” he told the FT.
He said it will list the two businesses separately .
The AirAsia listing would-be ‘sometime next year.’
Capital A, formerly known as AirAsia Group, is still under financial distress classification on the Bursa Malaysia stock exchange.
Capital A has been pushing development of its super app, which offers various travel products, ride hailing, food delivery and other services.
Capital A’s losses widened to $204.67 million in the first quarter.
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