AirAsia CEO rubbishes Skymark bid report

[SINGAPORE] Malaysia's AirAsia Bhd has dismissed a media report that it is weighing a bid for Japan's embattled Skymark Airlines, saying it is focused on a budget airline it is setting up with Japanese partners.

The Nikkei business daily said that AirAsia, the region's most aggressive budget airline, is in talks with financial institutions on a possible tender offer for the low-cost carrier - sending shares in Skymark surging 28 per cent.

Skymark last month warned of uncertainty about its ability to...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to