AirAsia Exits Japan

ANA Holdings is to buy out AirAsia’s shareholding in the AirAsia Japan joint venture. The airline will now operate as a wholly-owned subsidiary of ANA, based at Narita Airport, but will continue to operate under the AirAsia brand until October 31, 2013. The termination of the joint venture also involves the return of all AirAsia aircraft leased to AirAsia Japan by November 1, 2013.

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