Airasia planes are seen parked at Kuala Lumpur International Airport 2, amid the coronavirus disease (COVID-19) outbreak in Sepang, Malaysia October 6, 2020. REUTERS/Lim Huey Teng/File Photo

  • Deal will value AirAsia SuperApp at $1 bln
  • Gojek to focus on increasing investment in Vietnam, Singapore
  • AirAsia shifting focus to digital businesses during pandemic

KUALA LUMPUR/BANGKOK, July 7 (Reuters) – Malaysian budget carrier AirAsia Group (AIRA.KL) said it will buy Indonesian ride-hailing and payments firm Gojek’s Thailand business in a stock swap, giving Gojek a 4.76% stake in the airline’s lifestyle platform.

AirAsia will acquire Gojek’s business in return for $50 million worth of shares in AirAsia SuperApp, valuing the division at around $1 billion, more than the pandemic-hit airline’s current market value of $868 million at a time when it has been looking to raise more capital.

The agreement with the Indonesian startup unicorn comes just a…

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