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AIRASIA MALAYSIA IN TALKS TO ACQUIRE IT’S GOJEK’S BUSINESS IN THAILAND

MALAYSIAN low-cost carrier AirAsia Group is in talks with Indonesian transportation and payments company Gojek to acquire its business in Thailand, the Nikkei newspaper reported Wednesday (7/7) citing sources familiar with the matter.

Under the deal, Gojek will take a stake in AirAsia’s digital business, while the low-cost carrier will acquire Gojek’s business in Thailand, Nikkei said citing a different source with knowledge of the talks.

The deal with the Indonesian unicorn startup comes just a week after the loss-making airline applied for a digital banking license in Malaysia, signaling a shift in focus to digital businesses as most of its fleet remains out of service amid coronavirus restrictions. [antaranews/photo special]