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The drip drip of failure
By Sam Whelan
Malaysia’s AirAsia is rumoured to be eyeing the acquisition of compatriot all-cargo airline Raya Airways.
According to The Edge Markets, the low-cost carrier wants to take advantage of South-east Asia’s booming air cargo market with fast-growing Raya.
Raya has denied the rumours, however, and its owners are said to be considering an IPO for the airline, which has a fleet of three B767 freighters and one 737 on 70 flights a week between Malaysia and Indonesia, Singapore, Vietnam and Hong Kong.
The move ...
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