Tuesday, July 1, 2014

AirAsia Market News Update : Epic Research Singapore

AirAsia Bhd will partner with online retailer Rakuten Inc to set up a discount carrier in Japan, marking the second attempt by the Malaysian budget carrier to expand in the Japanese market.

AirAsia's partners will also include Noevir Holdings Co Ltd , sporting goods company Alpen Co Ltd and Octave Japan Infrastructure Fund, AirAsia Japan CEO Yoshinori Odagiri told a news conference in Tokyo on Tuesday.

The carrier will fly both domestic and international routes, Odagiri added. Details about the how much the airline would cost and the partnership stakes was not immediately available.

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