Malaysia Aviation weighs minority stake sale in cargo unit

KUALA LUMPUR (Bloomberg) -- Malaysia Aviation Group Bhd is weighing the sale of a minority stake in its air cargo unit to a strategic partner, according to people familiar with the matter.

The parent of Malaysia Airlines Bhd has invited banks to submit proposals as it seeks ways to expand the business, the people said, asking not to be identified because the information is private. A deal could value the unit, known as MASkargo, at more than US$1 billion, the people said.