Skift Take
It's all flights on board as AirAsia Move aims to carve out its own niche in the OTA space. The superapp doesn't want to be seen playing favorites with its parent airline.
AirAsia Move is serious about an IPO – but first the timing and the business mix needs to be right.
"We ultimately do want to get into an IPO," Move CEO Nadia Omer told Skift.
“Unlike many startups in the industry, Move is not burning through cash and this allows it to make considerate choices,” she said.
Move is the AirAsia surperapp, and its parent company, Capital A, announced on Wednesday that it plans to list in U.S. public markets through a Special Purpose Acquisition Company (SPAC).
For now, Omer is focused on the business. She wants a 70%-30% balance between AirAsia and non-AirAsia segments. And she sees the development of communities as a key differentiator and advantage. With close to 15 million average monthly active users, Move aims to foster engaged and loyal communities of travelers.
“We are looking to position ourselves a