ANA to buy out AirAsia’s share of AirAsia Japan, the joint venture to be dissolved

ANA Holdings Inc (ANA-All Nippon Airways) (Tokyo) according to Reuters, will buy out AirAsia’s (Malaysia) (Kuala Lumpur) portion of AirAsia Japan (Tokyo-Narita) joint venture for over $25 million. The loss-making entity will be dissolved. AirAsia Japan commenced operations only on August 1, 2012. ANA controls 67 percent of the shares.

ANA is considering its options. The joint venture could be rolled into Peach Aviation.

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AirAsia (Japan): AG Slide Show

Top Copyright Photo: Michael B. Ing/AirlinersGallery.com. The AirAsia brand will soon die in Japan. The concept is just not working despite the recent SkyTrax 2013 Awards (below, AirAsia Japan). Airbus A320-216 JA01AJ (msn 5153) arrives at the Narita base.

AirAsia Japan FAs SkyTrax 2013 (AirAsia)(LR)