Malaysia's AirAsia Group shuts down Japan operations

REUTERS/Chaiwat Subprasom

Malaysia’s low-cost carrier AirAsia Group Bhd said on Monday its associate AirAsia Japan (AAJ) is ceasing operations, as it seeks to reduce cash burn amid “highly challenging operating conditions”.

AirAsia said it had been notified of the decision taken by the board of directors of AAJ to cease operations with immediate effect, a regulatory filing on Monday showed.

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