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AirAsia 'exploring all available options' for AirAsia Japan

12-Jun-2013 10:07 AM

AirAsia Group stated (11-Jun-2013) it is "exploring all available options" in regard to the future of its investment in AirAsia Japan, with the company attributing the carrier's difficulties to a "difference of opinion in management, most critically on the points of how to operate a low cost business and operating from Narita." AirAsia stated: "Since its launch in 2012, Japan AirAsia has failed to track its proposed business plan due to the inability to manage costs but has seen customer adoption increasing as the AirAsia brand starts to resonate in the market. AirAsia 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." [more - original PR] [more - original PR - II]