Malaysian budget airline AirAsia is planning to establish a Gulf hub this year, aiming to enhance connectivity between Europe and the region while strengthening air links between South-East Asia and the Gulf. According to founder and CEO Tony Fernandes, the airline has shortlisted four airports, including one in Ras Al Khaimah and another in Saudi...
Emirates SkyCargo, the cargo division of the world’s largest international airline, has entered into a Memorandum of Understanding (MoU) with Teleport, the exclusive cargo partner of AirAsia. This partnership aims to strengthen trade between Southeast Asia and the global market through Dubai. The MoU was signed during the IATA’s World Cargo Symposium by Badr Abbas,...
Saudi Arabia’s Public Investment Fund (PIF) is preparing to invest approximately $100 million in the Malaysian airline group AirAsia. This investment is poised to enhance the Gulf kingdom’s connections with a region that serves as a significant source of tourism, as reported by sources familiar with the negotiations. The PIF is expected to be the...