AirAsia’s deal with Gojek Thailand brings it closer to its ‘Super App’ dream

AirAsia’s deal with Gojek Thailand brings it closer to its ‘Super App’ dream. Source: AirAsia

• AirAsia will be buying  Gojek’s Thailand business in a stock swap.
• It could, in turn, give Gojek a boost in Thailand where the startup has lagged in food delivery and ride-hailing competitors.
• Gojek will focus on increasing investment in Vietnam and Singapore after the deal is completed.
• The low-cost airline considers listing of its digital arm via a SPAC in the United States to raise at least US$300 million.

AirAsia Group Bhd’s digital ambitions looks set to soar to greater heights with its first major cross-border acquisition. Through AirAsia Digital Sdn Bhd (AAD), the company has acquired Indonesian unicorn Gojek’s Thailand business. At the same time, the digital arm of the low-cost carrier is considering listing in the US via a special-purpose acquisition company (SPAC) to…