Capital A Berhad, the investment holding company of AirAsia, Airasia Move, Teleport and Capital A aviation services group, signed a letter of intent with Nasdaq-listed Aetherium Acquisition Corp. for a proposed business combination merger that will form Capital A International.
Capital A International will generate revenue from brand royalty and aircraft leasing and tactical acquisition, incubation, and partnerships to provide platforms for entrepreneurs. The proposed business combination will be at an indicative equity value of $1 billion based on an independent valuation of the AirAsia Brand.
“We are confident that the exposure to the U.S. financial markets and Nasdaq listing would help us accelerate the delivery of our strategy as we improve access to capital, broaden our shareholder base and meaningfully raise our profile globally,” he said.