Budget carrier AirAsia approves shutting down Japan joint venture

REUTERS/Beawiharta

Malaysia-based AirAsia Group, owned by aviation tycoon Tony Fernandes, is shutting down its Japan operations with an announcement slated for early next week, Nikkei Asia has learned, as the region’s largest no-frills carrier struggles with grounded aircraft while most international borders remain closed as a result of the coronavirus pandemic.

A source close to the company told Nikkei that AirAsia’s directors, who met on Monday at the airline’s headquarters near Kuala Lumpur International Airport, have decided to wind up the operations of AirAsia Japan — a joint venture between AirAsia and Japanese partners.

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