TOKYO--(Marketwire - Jul 21, 2011) -
FOR IMMEDIATE RELEASE ANA and AirAsia to form 'AirAsia Japan' New joint venture the first low-cost carrier based at Narita International Airport, Tokyo TOKYO, July 21, 2011 - ANA Group, Japan's largest airline, and AirAsia, the world's best low cost airline, today announced that they are teaming up to form AirAsia Japan, a new low-cost carrier. AirAsia Japan will be the first low-cost carrier to be based at Narita International Airport. Operating under the AirAsia brand, it is to serve both domestic and international destinations when commencing operations in August 2012, subject to obtaining the relevant approvals. In Japan, the aviation market is undergoing rapid transformation with developments including the expansion of Open Skies agreements and increased domestic competition from road and rail-based travel. In addition, Narita airport, a major international hub serving Tokyo, is seeking to increase capacity with the introduction of a new terminal and is expected to attract many low-cost carriers and foreign airlines. ANA has been seeking opportunities to launch a new low-cost business based at Narita and, after analysis, has concluded that partnering with an existing low-cost carrier is the most efficient and strategically advantageous option. Having already established an unmatched network,especially within the ASEAN region, AirAsia has been seeking a business partner with strong Japanese market influence to further expand its scope, as well as contribute to strengthening bilateral ties between ASEAN andJapan. The formation of AirAsia Japan leverages AirAsia's successful business model and brings together the complementary strengths of the two companies, generating new demand with the aim of making affordable and quality travel available to all. To view the full release visit the company's website http://www.ana.co.jp/eng/aboutana/press/index_sm.html For more info, please contact: ANA PR: Ryosei Nomura and Megumi Tezuka Tel: 3-6735-1111 Email: publicrelations@ana.co.jp AirAsia Communications: Daphne Cheah Office No.: 8660 4541 Email: cheahuijen@airasia.com Kreab Gavin Anderson: Oliver Ormrod, Minako Hattori Tel: 5404 0640 Email: oormrod@kreabgavinanderson.com This information is provided by RNS The company news service from the London Stock Exchange END
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