Raya Airways refutes speculations on acquisition

KUALA LUMPUR: Raya Airways Sdn Bhd has refuted claims of being in talks with AirAsia Group Bhd or any other parties for an acquisition.

A business weekly reported that AirAsia has approached businessman Datuk Ishak Ismail whose family owns Raya Airways, to acquire the carrier.

“On behalf of Raya Airways and 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 or any other parties for the acquisition of the company or any part of its businesses.

“As such, we would like to categorically state that the article is factually incorrect and misleading,” Raya said in a statement.

“We wish to assure all our stakeholders that Raya’s operational and financial position is growing in strength.

“Going forward, we are committed to continue and further strengthen our operations and opportunities to take Raya to its next stage of growth,” it added.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Raya Airways , AirAsia


Next In Business News

Weststar Group�weighs US$300mil helicopter unit IPO
Tengku Zafrul: Talk of global recession premature, unwarranted
Ringgit appreciates versus US dollar, tracking positive yuan sentiment
SCIB secures EPCC contract worth RM36mil
Duopharma net profit rises 15% in 1Q
Borneo Oil acquires 22.5% in MTSB for RM73.56mil
Chin Hin to dispose of Solarvest stake for RM103.28mil
Dialog's Q3 net profit slips to RM133.07mil, declares 1.30 sen dividend
DNeX, Foxconn unit to build and operate wafer fabrication plant in Malaysia
PetChem buys Perstorp in RM10.5bil deal

Others Also Read