Business

Malaysia’s AirAsia in talks to buy Gojek’s Thailand business: Report, Companies & Markets News & Top Stories

BENGALURU (REUTERS) – Malaysian budget airline AirAsia Group is in talks with Indonesian ride-hailing and payments firm Gojek to acquire its business in Thailand, the Nikkei newspaper reported on Wednesday (July 7), citing sources familiar with the matter.

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

A deal with the Indonesian start-up unicorn comes just a week after the loss-making airline applied for a digital banking licence in Malaysia, signaling a shift in focus towards digital business as most of its fleet remains grounded amid coronavirus restrictions.

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