Capital A (formerly known as AirAsia) plans to list its low-cost carrier, AirAsia and its super-app on the New York Stock Exchange (NYSE) according to Financial Times.
"If you want to be an actor, you’re probably going to want to end up in Hollywood at some stage in your career," said Capital A's chief executive officer, Tony Fernandes.
Key Highlights
- Fernandes added that the company has begun compliance work on its two separate listings and the AirAsia listing is targeted for "sometime next year" with the super app after that.
- During the pandemic, the company pivoted to e-commerce and other digital businesses like ride-hailing and fintech.
- Fernandes also mentioned that even though Capital A’s shares are under Practice Note 17 (PN17) on the Malaysian stock exchange, which denotes a company in financial distress, it was just a solvable "accounting issue", which "doesn’t reflect the fundamentals of the company".
- Meanwhile, AirAsia recently launched its ride-hailing service in Thailand early this month.
