AIRLINK 74.15 Decreased By ▼ -0.45 (-0.6%)
BOP 5.09 Decreased By ▼ -0.05 (-0.97%)
CNERGY 4.43 Decreased By ▼ -0.07 (-1.56%)
DFML 34.25 Increased By ▲ 1.25 (3.79%)
DGKC 88.75 Decreased By ▼ -0.15 (-0.17%)
FCCL 22.26 Decreased By ▼ -0.29 (-1.29%)
FFBL 32.40 Decreased By ▼ -0.30 (-0.92%)
FFL 9.77 Decreased By ▼ -0.07 (-0.71%)
GGL 10.84 Decreased By ▼ -0.04 (-0.37%)
HBL 115.76 Increased By ▲ 0.45 (0.39%)
HUBC 136.74 Increased By ▲ 0.11 (0.08%)
HUMNL 9.81 Decreased By ▼ -0.16 (-1.6%)
KEL 4.60 Decreased By ▼ -0.03 (-0.65%)
KOSM 4.73 Increased By ▲ 0.03 (0.64%)
MLCF 39.85 Increased By ▲ 0.15 (0.38%)
OGDC 138.49 Decreased By ▼ -0.47 (-0.34%)
PAEL 25.83 Decreased By ▼ -1.06 (-3.94%)
PIAA 26.21 Increased By ▲ 1.06 (4.21%)
PIBTL 6.68 Decreased By ▼ -0.16 (-2.34%)
PPL 122.81 Increased By ▲ 0.07 (0.06%)
PRL 26.70 Decreased By ▼ -0.31 (-1.15%)
PTC 13.98 Decreased By ▼ -0.02 (-0.14%)
SEARL 58.85 Decreased By ▼ -0.62 (-1.04%)
SNGP 70.32 Decreased By ▼ -0.83 (-1.17%)
SSGC 10.37 Decreased By ▼ -0.07 (-0.67%)
TELE 8.56 Decreased By ▼ -0.09 (-1.04%)
TPLP 11.34 Decreased By ▼ -0.17 (-1.48%)
TRG 64.20 Decreased By ▼ -0.93 (-1.43%)
UNITY 26.15 Increased By ▲ 0.35 (1.36%)
WTL 1.39 Decreased By ▼ -0.02 (-1.42%)
BR100 7,835 Increased By 15.7 (0.2%)
BR30 25,526 Decreased By -51.3 (-0.2%)
KSE100 74,833 Increased By 169.3 (0.23%)
KSE30 24,140 Increased By 68.9 (0.29%)

imageSINGAPORE: Malaysia-based budget carrier AirAsia could enter into a new venture in Japan, its chief executive Tony Fernandes said Wednesday.

His comments came a month after AirAsia agreed to dissolve its joint venture with All Nippon Airways (ANA) over management differences.

AirAsia Japan is expected to stop operating by the end of October, just over a year after it started flying out of Tokyo's Narita airport.

"We had a lot of the staff from AirAsia Japan who have approached us and said we really want to continue with this AirAsia vision," Fernandes told reporters on the sidelines of a promotional event in Singapore.

He said some of the investors in the new venture could be current employees of AirAsia Japan, but declined to give further details.

"It has to be a fresh venture, it can't completely be mine," he said.

Announcing the dissolution of AirAsia Japan in June, the Malaysian carrier cited a "fundamental difference of opinion between its shareholders on how the business should be managed, from cost management to where the domestic business operations should be based".

ANA however said the venture dissolved because it was not well known in Japan and could not register profits.

ANA is expected to launch a new budget brand in November, and the airplanes leased by AirAsia Japan will be returned to the Malaysian firm after operations cease in October.

Comments

Comments are closed.