AirAsia’s Tony Fernandes on building the ‘low-cost unicorn’ of Asian super-apps, digibank hopes and possible SPAC listing

Source: Tech – South China Morning PostIn 2009, during the tail end of the global financial crisis, most airline chiefs were reducing capacity and cutting routes as they bemoaned the industry’s biggest slump since the Sars (severe acute respiratory syndrome) crisis.AirAsia’s maverick boss Tony Fernandes, on the other hand, was talking up his expansion plans.With its position as the ultra-low-cost Walmart or McDonald’s of Asian aviation, the downturn was proving to be a silver lining for the carrier: cash-strapped travellers…Read More

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