AirAsia may end Japan venture due to management conflict
Malaysia's budget airline AirAsia said Tuesday that it may end its joint venture with All Nippon Airways (ANA) in AirAsia Japan due to disagreement on management.
AirAsia said in a statement that the two partners disagree on how to operate the low-cost airline based in Tokyo's Narita airport.
"Since its launch in 2012, AirAsia Japan has failed to track its proposed business plan due to an inability to manage costs," AirAsia said.
"Nevertheless, AirAsia is still optimistic and committed to Japan and sees the potential for a low cost airline to thrive in the market, while not ruling out any option to make this happen, including, dissolution of the Joint Venture," it added.
