AirAsia said it would execute a shareholders agreement with ANA to forge a joint venture cooperation “to establish a low cost airline in Japan based on the successful AirAsia business model”.
The company to be incorporated in Japan for the JV is named AirAsia Japan Co., Ltd.
AirAsia said the JV would require an initial capitalisation of 1 billion yen while the authorised capital would be 5 billion yen. “AirAsia will raise internal funding for its portion of the equity,” it said.
The company to be incorporated in Japan for the JV is named AirAsia Japan Co., Ltd.
AirAsia said the JV would require an initial capitalisation of 1 billion yen while the authorised capital would be 5 billion yen. “AirAsia will raise internal funding for its portion of the equity,” it said.
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