Capital A Bhd, which owns Malaysia’s budget airline AirAsia, is progressing with plans for the listing of AirAsia Aviation Group Ltd and airasia Super App in New York, its chief executive officer Tony Fernandes said.

According to him, the company would probably make the announcement next year, Malaysia’s national news agency Bernama reported on Monday.

“We’re planning the listing of AirAsia Aviation, which is private now, and Super App, that’s progressing but we’ll make announcements in due course,” he told reporters at an event at Danau Toba, Indonesia.

AirAsia Aviation comprises AirAsia Malaysia, AirAsia Philippines, AirAsia Thailand and AirAsia Indonesia.

According to earlier reports in June, Fernandes said the group is evaluating all fundraising options, including private placement, direct listing or listing via a merger with a Special Purpose Acquisition Company (SPAC).

The listing in the US market would be attractive given the liquidity and the diverse investor reach that it can provide, he said then.

Previously known as AirAsia Group, Capital A has been aggressively building its digital businesses and super app over the last two years as most of its planes were grounded due to travel restrictions to contain the COVID-19 pandemic. The group has hoped to build its super app, modeling regional tech giants such as Grab’s and Gojek’s super apps which offer a variety of services including ride-hailing, food delivery, and payment services.

Malaysia’s Capital A mulls US listing