Pos Malaysia divests from freighter operation

Pos Asia Cargo Express

This 737-400F joined the Asia Cargo Express fleet in 2020. Photo/Pos Logistics

Pos Malaysia is divesting from its lossmaking cargo airline, Pos Asia Cargo Express, and will enter into a share sale and subscription agreement that will see Asia Cargo Network assume a 51% stake in the airline, valued at $9.6 million. The Malaysian post, through its Pos Aviation subsidiary, will maintain a 49% stake in the […]

 

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