ANA and AirAsia expected to make LCC JV announcement
All Nippon Airways (ANA) and AirAsia have reportedly agreed to establish a LCC JV in Japan in autumn 2011, with ANA to contribute around 67% and AirAsia around 33% of the capital (The Nikkei, 21-Jul-2011). Services are expected to commence from Tokyo Narita in summer 2012. The firms are expected to formally announce the agreement on 21-Jul-2011. The carrier will likely service domestic and overseas destinations, such as New Chitose Airport, major Chinese cities, Seoul, Southeast Asian countries and Guam. ANA and AirAsia will reportedly charge around half the price of other carriers on the route they service. ANA recently launched its first LCC JV, Peach Aviation Ltd, with services to commence from Kansai International Airport in Mar-2012.