AIR ASIA has renamed its airline companies' holdings as airasia Aviation Limited as part of a reorganisation designed to create what it said should be a clear distinction from its burgeoning digital business, the group has revealed.
'As AirAsia's rapid transformation from an airline into a digital travel and lifestyle services group continues to gain strong momentum, the holding company for the airline group has been officially renamed,' said AirAsia Group in a statement.
As previously reported, during this year AirAsia Group has been seeking to raise USUS$300 million in efforts to expand its digital business wing AirAsia Digital as it bolsters this part of the business to offset the crippling effect of the pandemic on aviation.
On July 7, AirAsia Group CEO Tony Fernandes said he was considering raising this amount by listing the digital business via a special-purpose acquisition company (SPAC) in the United States.
Bo Lingam, formerly president for airlines at the group, will take over as CEO of AirAsia Aviation Limited, overseeing what are currently four airlines in the group (AirAsia in Malaysia including AirAsia X, Indonesia AirAsia, Philippines AirAsia, and Thai AirAsia).
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'As AirAsia's rapid transformation from an airline into a digital travel and lifestyle services group continues to gain strong momentum, the holding company for the airline group has been officially renamed,' said AirAsia Group in a statement.
As previously reported, during this year AirAsia Group has been seeking to raise USUS$300 million in efforts to expand its digital business wing AirAsia Digital as it bolsters this part of the business to offset the crippling effect of the pandemic on aviation.
On July 7, AirAsia Group CEO Tony Fernandes said he was considering raising this amount by listing the digital business via a special-purpose acquisition company (SPAC) in the United States.
Bo Lingam, formerly president for airlines at the group, will take over as CEO of AirAsia Aviation Limited, overseeing what are currently four airlines in the group (AirAsia in Malaysia including AirAsia X, Indonesia AirAsia, Philippines AirAsia, and Thai AirAsia).
SeaNews Turkey
