Wednesday, July 16, 2014
AirAsia recently announced plans to relaunch its Japanese affiliate. The Malaysian low-cost carrier has successfully circumvented rules against foreign ownership and control of airlines by partnering with local investors to establish affiliates in Indonesia, the Phillipines, Thailand and, as of last month, India. AirAsia had previously tried operating an affiliate in Japan in partnership with All Nippon Airways, but that ended last year. Because Japan, like most countries, prohibits foreign investors from owning a majority stake in its airlines, AirAsia was unable to restart the Japanese affiliate until it had found new Japanese partners to hold the 51% of the shares not owned by AirAsia.