Budget airline AirAsia opens digital arm to investors ahead of possible IPO

AirAsia Group deputy CEO Aireen Omar. Photographer: Ian Teh/Bloomberg

Budget airline pioneer AirAsia will open its digital business arm RedBeat Ventures to outside investors within the year ahead of a possible IPO, as it strives to become the “Amazon of travel.”

“We will be going to investors, most probably in the next one year,” Aireen told Nikkei Asian Review in an interview. “We will do a few rounds of financing, then would decide on an IPO or any other way of monetizing the digital asset.”

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