ANA and AirAsia to form AirAsia Japan

bigdelta · July 21, 2011

ANA and AirAsia to form 'AirAsia Japan'

New joint venture the first low-cost carrier based at Narita

International Airport, Tokyo

TOKYO, July 21, 2011 - ANA Group, Japan's largest airline, and AirAsia,

the world's best low cost airline, today announced that they are

teaming up to form AirAsia Japan, a new low-cost carrier.

AirAsia Japan will be the first low-cost carrier to be based at Narita

International Airport. Operating under the AirAsia brand, it is to

serve both domestic and international destinations when commencing

operations in August 2012, subject to obtaining the relevant approvals.

In Japan, the aviation market is undergoing rapid transformation with

developments including the expansion of Open Skies agreements and

increased domestic competition from road and rail-based travel. In

addition, Narita airport, a major international hub serving Tokyo, is

seeking to increase capacity with the introduction of a new terminal

and is expected to attract many low-cost carriers and foreign airlines.

ANA has been seeking opportunities to launch a new low-cost business

based at Narita and, after analysis, has concluded that partnering with

an existing low-cost carrier is the most efficient and strategically

advantageous option.

Having already established an unmatched network,especially within the

ASEAN region, AirAsia has been seeking a business partner with strong

Japanese market influence to further expand its scope, as well as

contribute to strengthening bilateral ties between ASEAN and Japan.

The formation of AirAsia Japan leverages AirAsia's successful business

model and brings together the complementary strengths of the two

companies, generating new demand with the aim of making affordable and

quality travel available to all.

To view the full release visit the company's website

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