Southeast Asia's largest budget airline, AirAsia said Tuesday it has with Japan ANA joint venture in how to perform its low-cost airlines in conflict, decided to part ways.
AirAsia said it would sell its 49% stake, ANA 2.45 one billion yen ($ 2.5 billion). AirAsia Japan to work until 10 at the end, after which it was given a new name and a wholly owned subsidiary of ANA, Tokyo Narita airport operations.
AirAsia said the two-year joint venture blocked problems, such as cost management and domestic business operations should be based on "a number of opinions," the fundamental difference.
"AirAsia chief executive Tony Fernandes said:" I have great respect for the traditional Japanese airline ANA-led, but it is time for us to part ways, we focus on what we do best, which is a true low-cost airlines, said in a statement.
The move will cost AirAsia important hub in East Asia, but its long-haul arm, AirAsia X, or fly from Kuala Lumpur to Tokyo and Osaka.
Fernandez said he was still optimistic about the success of low-cost airlines in Japan, an opportunity.
"We did not give up in Japan, changing the dreams and expectations of air travel back to the market," he said.
Japan and Asia Airlines flying to five destinations in Japan, as well as in Seoul and Busan, South Korea's Narita Airport in Japan, one of the busiest airports. But Narita Airport within the time limit, traffic jams and high landing fees are a headache cheap airlines.
All Nippon Airways and Hong Kong also has peach First Eastern Investment Group, Aviation Group, a low-cost venture 38.7% of the shares. Peach was launched last year, offering flights to Kansai International Airport in Osaka (Kansai International Airport), located in central Japan.
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