Malaysia's AirAsia X targets Asia cargo market in deal with logistics firm

KUALA LUMPUR : Malaysia's AirAsia X Bhd has signed a partnership deal with French logistics firm Geodis, aiming to develop cargo capacity and generate revenue while passenger flights remain grounded due to coronavirus travel curbs, the airline said in a statement on Wednesday.

The cargo plan comes as the carrier restructures its business with passenger flights grounded since the start of the coronavirus pandemic in March 2020 as Malaysia's borders remain closed to international tourism. [nL1N2T10QR] Chief executive Benyamin Ismail said the airline intends to capitalise on air cargo rates that have risen as while passenger planes remain grounded.

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