INQUIRER.net: Japan’s ANA and AirAsia to dissolve budget carrier

INQUIRER.net Philippine News for Filipinos

Japan's ANA and AirAsia to dissolve budget carrier Jun 25th 2013, 23:36 TOKYO—Japan's All Nippon Airways and AirAsia said Tuesday they have agreed to terminate their budget carrier joint venture as business slumped amid management clashes, dealing a blow to the country's fledgling low-cost sector.   Malaysia-based AirAsia said AirAsia Japan would cut service by the end of October, just over a year after it started flying out of Tokyo's Narita airport in August.   "The joint venture... faced many challenges since its launch," AirAsia said in a statement.   It cited a "fundamental difference of opinion between its shareholders on how the business should be managed from cost management to where the domestic business operat... Keep on reading: Japan’s ANA and AirAsia to dissolve budget carrier Media files: ana-flight.jpg (image/jpeg)

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