Tony Fernandes’s Capital A group is planning New York listings for its low-cost AirAsia airline and a digital “super app”.
“If you want to be an actor, you’re probably going to want to end up in Hollywood at some stage in your career,” Fernandes told the Financial Times. “We think the time is right for part of Capital A group to be listed in the United States.”
He said the group, which changed its name earlier this year, had begun compliance work and envisaged two separate listings, one for AirAsia “sometime next year”, followed by the so-called super app, which will offer services from travel to takeaways.
The company, which previously considered merging its digital businesses with a special purpose acquisition company, crashed into the red during the pandemic, prompting EY in July 2020 to question its ability to survive.
Fernandes, who pivoted to ecommerce and digital businesses during the pandemic, said that issue had now been resolved.
While Capital…
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