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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...

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