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JuliusWong

AirAsia Japan: AirAsia Group exploring options, says Fernandes

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KUALA LUMPUR, Oct 1 — AirAsia Group chief executive officer Tan Sri Tony Fernandes said that the low-cost airline is open to exploring all options with regards to its operation in Japan, including closing it down.

“We have to look at every option, including closing down the operation. We haven’t reached a decision yet,” he said when asked to comment on recent reports which stated that the group is planning to discontinue the operation of its affiliate, AirAsia Japan, as demand remained weak due to the Covid-19 pandemic.

https://www.malaymail.com/news/money/2020/10/01/airasia-japan-airasia-group-exploring-options-says-fernandes/1908513

KUALA LUMPUR (Sept 30): AirAsia Group Bhd's indirect 33%-owned associate AirAsia Japan Co Ltd is said to have told relevant authorities that AirAsia Japan plans to end its operations, Bloomberg reported today, quoting a Yomiuri report.

"AirAsia Japan told relevant authorities that it plans to end its operations, Yomiuri reported, without attribution.

"The low-cost carrier, whose major investors include AirAsia and Rakuten, resumed flight operations in August, but demand remained weak on the back of the coronavirus pandemic," Bloomberg reported.

https://www.theedgemarkets.com/article/airasia-japan-plans-end-operations-yomiuri-says

This will be second time AirAsia Japan failed if the rumoured closure is proven to be true. Yomiuri Shimbun is a well respected newspaper in Japan and they would have credible source to publish the news.

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Now confirmed. AirAsia Japan Mark II is officially dead.

https://asianaviation.com/airasia-japan-shuts-down/

https://english.kyodonews.net/news/2020/10/9d4620cbb0a2-urgent-low-cost-carrier-airasia-japan-to-shut-down-operations-in-dec.html

"AirAsia Japan announced Monday (5 October) that it was ceasing operations and laid the blame squarely on the COVID-19 pandemic that has all but shut down most international travel and severely restricted other flights. The company was created in 2014 and had been operating domestic and international flights from its base in Chubu Centrair International Airport."

The low-cost carrier, based in Aichi Prefecture, central Japan, said the measures will go into effect on Dec. 5.

 

Edited by JuliusWong

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AirAsia is said to cease funding Indian venture as cash dwindles

https://www.theedgemarkets.com/article/airasia-said-cease-funding-indian-venture-cash-dwindles

(Oct 6): AirAsia Group Bhd has stopped funding its Indian affiliate as the global travel slump leaves the Malaysian group struggling to support a sprawling empire of no-frills airlines, people familiar with the matter said.

AirAsia India Ltd’s future may now depend on Indian conglomerate Tata Group, its majority shareholder, which has provided emergency funding but has yet to commit to a full rescue, according to the people, who asked not to be named discussing a confidential matter.

The airline isn’t at any immediate risk of folding, the people said. India’s aviation minister said over the weekend that AirAsia was shutting up shop in the South Asian nation, though his office later suggested the comment was taken out of context.

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