Air Asia Japan joint venture
11-Jun-2013 Air Asia Japan, which was established in August 2011 as a joint venture between Air Asia and All Nippon Airways (ANA) have been facing some challenges attributed to a difference of opinion in management, most critically on the points of how to operate a low cost business and operating from Narita. The Air Asia Japan management team is predominantly comprised of ANA staff, starting with but not limited to the CEO and CFO.
Since its launch in 2012, Japan Air Asia has failed to track its proposed business plan due to the inability to manage costs but has seen customer adoption increasing as the Air Asia brand starts to resonate in the market. Air Asia continues to be optimistic and committed to Japan and sees the potential for a low cost airline to thrive in the market and would not rule out any options to make this happen, including dissolution of the joint venture. The parties are exploring all available options and any decision will be further subject to respective corporate approvals of ANA and Air Asia Berhad.