Malaysia’s Raya Airways denies acquisition talks with AirAsia
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Malaysian air cargo carrier Raya Airways has denied being in talks with budget airline AirAsia Group Bhd for an acquisition, it said in a statement on Monday (Jan 24).
The company said the news reported over the weekend about ongoing talks was factually incorrect.
The weekly reported that the airline has approached businessman Ishak Ismail whose family owns Raya Airways, to acquire the carrier, and are in early conversations.
“After consulting with Raya’s shareholders and Board of Directors, we would like to clarify that Raya and its subsidiaries/affiliate companies are not in any talks with AirAsia Group Berhad or any other parties for the acquisition of the Company or any part of its businesses,” it said.
The carrier said its operational and financial position is strengthening and it is committed to the next stage of growth.
Questions & Answers
Q.What specifically did Raya Airways deny regarding AirAsia?
What specifically did Raya Airways deny regarding AirAsia?
Raya Airways denied being in acquisition talks with budget airline AirAsia Group Bhd. The company clarified that news reported over the weekend about ongoing conversations was factually incorrect and they are not discussing a takeover.
Q.Who was reportedly approached by AirAsia regarding the acquisition?
Who was reportedly approached by AirAsia regarding the acquisition?
A weekly report stated that AirAsia had approached businessman Ishak Ismail. His family owns Raya Airways, and he was reportedly in early conversations with AirAsia about a potential acquisition of the carrier.
Q.How did Raya Airways describe its current business status?
How did Raya Airways describe its current business status?
Raya Airways stated that its operational and financial position is strengthening. The carrier also affirmed its commitment to pursuing the next stage of growth for the company, indicating a positive outlook.
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