AirAsia executives said that their subsidiary brand will soon go public on the NASDAQ through a reverse takeover.

Tony Fernandes, the founder of AirAsia, expressed that the brand business division of the airline is close to finalizing a target company listed on Nasdaq. The plan is to go public through a reverse merger later this year, with the new entity estimated to be valued at around $1.5 billion. Fernandes mentioned in an interview in Kuala Lumpur that the transaction will merge the brand division with the American listed company, with an announcement expected in the next two months. The merged entity is expected to officially list in the third quarter.