ANA Holdings will acquire AirAsia Berhad’s shareholding in the joint venture, which will henceforth operate as a wholly-owned subsidiary of ANA, based at Narita Airport.
AirAsia Japan will continue to operate under the AirAsia brand until October 31, 2013. ANA holdings currently holds 67% of the voting shares and 51% on a capital basis in AirAsia Japan. The impact of the dissolution of the joint venture on ANA Holdings is limited.