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Air Asia denies interest in purchasing Skymark Airlines

22 Aug 2014 23:33:39

gantdaily.com

Tokyo, Japan (4E) "“ In a rare denial, Malaysia's Air Asia Bhd said it was not putting together a bid for floundering Japanese air carrier Skymark Airlines Inc. Instead, the company confirmed that it was in the process of working with Japanese partners in establishing a budget airline.


According to a report from the Nikkei business daily, AirAsia was in talks with financial institutions for a tender to be made for the low cost carrier. AirAsia, acknowledged as one of the region's most aggressive budget air carrier, despite being an unconfirmed report, caused shares of Skymark to surge by 28%.


Read full story: gantdaily.com

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