AirAsia and All Nippon Airways are set to announce the dissolution of their tie-up in Japan on Tuesday, reports said, because of slumping business.
This file photo shows CEO of AirAsia, Tony Fernandes, speaking during the announcment about AirAsia's tie-up with Japan's All Nippon Airways (ANA), in Tokyo, on July 21, 2011. Both airlines are set to announce the dissolution of their tie-up on Tuesday, reports say, due to slumping business.
Malaysia-based AirAsia is to withdraw from AirAsia Japan, a company it jointly formed with ANA to begin low-cost carrier operations out of Tokyo's Narita International Airport in August 2012, Kyodo News reported, citing unnamed sources familiar with the matter.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.