The Traderszone Network

Published in TZ Latest News 18 August, 2014 by The TZ Newswire Staff

AirAsia denies report it weighing a bid for Japan’s Skymark

Malaysia’s AirAsia Bhd (AIRA.KL) dismissed a media report that it is weighing a bid for Japan’s embattled Skymark Airlines Inc , saying it is focused on a budget airline it is setting up with Japanese partners. The Nikkei business daily said 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 percent.

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