Malaysia-based Sin-Kung Logistics Bhd (SKL) has completed the acquisition of fellow Malaysian firm Prima Air Sdn Bhd (PASB) for RM20.7 million, marking a strategic move into the air cargo industry. The acquisition, announced on March 13, 2025, positions SKL to expand its logistics services and enter the air cargo market by the third quarter of 2025.
“The Board wishes to announce that the Proposed Acquisition has been completed on 13 March 2025, following the full settlement of the Balance Purchase Consideration to the Vendors,” stated SKL. With this acquisition, PASB becomes a wholly-owned subsidiary of SKL.
Airport to Road Feeder Services
SKL, an integrated logistics service provider, focuses on airport-to-airport road feeder services, container haulage, and warehousing. The acquisition of PASB, which sells and leases aircraft and holds an Air Service Permit and Air Operator Certificate, allows SKL to offer air cargo services and private jet charters.
Sin-Kung Logistics plans to lease three aircraft by the end of 2025, with the first expected in May or June, to kick-start its air cargo operations. The company aims to serve industries such as aerospace, pharmaceuticals, perishables, semiconductors, and oil and gas across Peninsular Malaysia.
Next Growth Phase
Alan Ong, Managing Director of Sin-Kung Logistics, expressed enthusiasm for the company’s growth: “The next phase of growth for Sin-Kung Logistics will be the air cargo services. With the addition of the air cargo services, the Company will now be able to offer full supply chain solutions for local and international freight forwarders from trucking services to cross-border air logistics services.”
He added, “The expansion of such services and network complements Sin-Kung Logistics’ current airport-to-airport road feeder services offered to our customers, thus further strengthening its competitive position in the logistics industry in Malaysia and Singapore. All in all, it would be an exciting and busy year for Sin-Kung Logistics.”
The acquisition enhances SKL’s service network, enabling it to offer air feeder services and establish cargo interline partnerships. This strategic move aligns with SKL’s goal to provide comprehensive logistics solutions and strengthen its competitive position in the region.
