Money
Tony Fernandes tweets to say AirAsia not interested in Skymark
Fernandes echoed analysts who had said that rich and powerful GLCs are scaring off private firms and stifling competition. u00e2u20acu201c Picture by Saw Siow Feng

SINGAPORE, Aug 19 — AirAsia Bhd’s group chief executive, Tony Fernandes, dismissed a media report that the Malaysian carrier is weighing a bid for Japan’s Skymark Airlines Inc.

“Never seen such rubbish. AirAsia has no interest in Skymark in Japan,” Fernandes, co-founder of the budget airline, wrote on Twitter today.

Skymark’s shares jumped 28 per cent after the Nikkei business daily reported that AirAsia is in talks with financial institutions on a possible tender offer for the struggling carrier.

“We focused on new airline,” Fernandes said in a Twitter message. Last month, AirAsia said it would set up a low-cost airline with Japan’s biggest online retailer, Rakuten Inc, and other companies. — Reuters

Related Articles

 

You May Also Like