Highlights

Good Articles to Share

Author: Tan KW   |   Latest post: Wed, 16 Jan 2019, 06:53 PM

 

AirAsia's cargo arm gets Tasco on board as first direct partner

Author:   |    Publish date:


KUALA LUMPUR (Jan 9): AirAsia Group Bhd’s cargo and logistics arm, RedCargo Logistics Sdn Bhd, has secured its first direct partner, Main Market-listed Tasco Bhd.

Tasco, an NYK Group company providing global freight forwarding services, is utilising AirAsia’s network, which spans over 320 routes to more than 130 airports across 25 markets in Asia, Australia, the Middle East and the US, from Jan 1, AirAsia said in a joint statement today.

RedCargo was incorporated in March 2018 as the exclusive provider of cargo capacity for AirAsia and AirAsia X airlines.    

“With more than 50% of our network capacity still available for partners to book, RedCargo is open for business. We are confident that we will play an increasingly important role in facilitating trade and e-commerce fulfilment within Asean and across key trade lanes passing through Asia,” said its chief executive officer Pete Chareonwongsak.

Tasco’s managing director Freddie Lim said the tie-up enables the group to provide a higher level of service and competency to its clients.

“We look forward to working closely with RedCargo to expand our businesses both in Malaysia and regionally,” he added.

Shares in AirAsia closed two sen or 0.67% up at RM3 today, valuing the company at RM10.03 billion.

Tasco, meanwhile, edged up one sen to finish at RM1.11, for a market capitalisation of RM222 million.

 

http://www.theedgemarkets.com/article/airasias-cargo-arm-gets-tasco-board-first-direct-partner

 

Share this
Labels: AIRASIA

Related Stocks

Chart Stock Name Last Change Volume 
AIRASIA 3.05 0.00 (0.00%)

  Be the first to like this.
 


 

1876 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SCOMNET 0.620.00 
 KOTRA 1.700.00 
 UCREST 0.290.00 
 PINEAPP 0.280.00 
 PUC 0.1050.00 
 WILLOW 0.4750.00 
 ARMADA-C39 0.0050.00 
 IRIS 0.140.00 
 UEMS-C60 0.0050.00 
 BTECH 0.230.00 

TOP ARTICLES

1. 火中取栗拼油气(中) 赚钱只争5年/冷眼 【冷眼专栏】漫漫投资路
2. 火中取栗拼油气(下) 菜鸟必学7招/冷眼 【冷眼专栏】漫漫投资路
3. How Can Malaysia Become a Developed Nation? Koon Yew Yin Koon Yew Yin's Blog
4. Carimin - Technical Sell PublicInvest Research
5. 威城中短期业务低迷 星洲日報/投資致富‧企業故事
6. How Warren Buffett decides to invest/reject a business in under 15 minutes - WikiHow the bursa journey that worked for me. 2000-2019
7. [转贴] 参观karex工厂 ~ 第一天 Good Articles to Share
8. [转贴] 熊市之中,埋藏了无数能让你的身家,实现三级跳飞跃的机会 - GP Alfred Chen Good Articles to Share
Partners & Brokers