Carrier AirAsia has recently announced its intention to list its digital arm, AirAsia Digital, through a merger with a special purpose acquisition company (SPAC) in a deal valued at under $1.4 billion. This move marks a significant step for the Malaysian-based airline as it seeks to unlock the value of its digital business.
The listing plans involve merging AirAsia Digital with a SPAC called Capital A, which is backed by investment firm 57 Stars. The merger is expected to provide AirAsia Digital with access to capital markets and enable it to accelerate its growth trajectory.
