ANA's joint venture with AirAsia 'most efficient option'

[jbflyer]

Only able to find this news from Japanese website.
http://headlines.yahoo.co.jp/hl?a=20...27-san-bus_all

ANA will has partnership with AirAsia to setup a new LCC which will base in Narita.
AirAsia brand will be used for this new LCC.

[flying.monkeyz]

ANA's joint venture with AirAsia 'most efficient option'

Japan's All Nippon Airways (ANA) says that its joint venture with AirAsia offers the "most efficient" option for the start-up of a low-cost airline based in Tokyo's Narita International Airport.

AirAsia Japan, which aims to begin operations in August 2012, will be 51% owned by ANA. It will be the first low-cost carrier to be based in Narita, the airlines said in a statement.

Recent developments such as open skies agreements and increased competition from road and rail-based travel have led to the "rapid transformation" of the Japanese airline market, said ANA.

In addition, Narita aims to increase its capacity with a new terminal that should attract low-cost carriers and foreign airlines, added the Star Alliance carrier.

"ANA concluded that partnering with an existing low-cost carrier is the most efficient and strategically advantageous option," said the airline.

AirAsia Japan leverages on AirAsia's successful business model and brings together the complementary strengths of the two companies, it added.

"We believe that AirAsia Japan will make air travel more accessible and provide a convenient and efficient travel option for a wide range of people," said Shinichiro Ito, president and CEO of ANA.

AirAsia will own 33% voting shares in the joint venture and 16% non-voting shares through its wholly owned subsidiary AA International. AirAsia has been seeking a business partner with strong Japanese market influence to expand its network for some time, said the Malaysian carrier.

"AirAsia Japan will be a success as the Japanese market possesses the necessary ingredients for growth, such as the population's strong propensity to travel, its high per capita income, coupled with deep and significant internet penetration," said AirAsia.

The joint venture helps the company to penetrate Japan's "highly lucrative domestic travel market", it added.

"This new joint venture is an important milestone in AirAsia's growth as ANA is the very first airline partner to form a joint venture with AirAsia," said Tony Fernandes, group CEO of AirAsia.

AirAsia has announced plans to set up joint ventures in the Philippines and Vietnam, where services are expected to begin at the end of the year.

Source: http://www.flightglo...ent-option.html

[Gunnar Smithsen]

Would this have anything to do with the Thai government infighting stalling the start up of a similar operation, Mr Fernandes took his bat and ball and went north?

[flyguy]

air asia already have a jv which is Thai Air Asia and have been flying for a few years now. The stalled project is likely the Vietnam Air Asia start-up. But AK is going ahead more aggressively in jv with other Asian airlines to start their budget airlines.

[Gunnar Smithsen]

Oh yeah, my bad, wrong LCC... Was thinking Air Asia but it was Tiger... Apologies all

[Gunnar Smithsen]

Perhaps the mods in their infinite wisdom can do their thing

http://www.sqtalk.com/forum/showthre...458#post150458

[KeithMEL]

Perhaps the mods in their infinite wisdom can do their thing

http://www.sqtalk.com/forum/showthre...458#post150458

Threads merged.

[Gunnar Smithsen]

Threads merged.

That also works too