Farnair takes 45% stake in Thailand’s K-Mile Air

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By Alex Lennane

20/03/2014

Farnair, the European express cargo airline, has bought a share in K-Mile from Malaysia’s Transmile Group. It is Farnair’s second foray outside Europe, following its investment in India’s Quickjet Cargo Airlines two years ago. Sources report that Transmile, meanwhile, is undergoing a reputational and operational restructure after the 2009 charges made against three former executives relating to financial wrongdoing.

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