Just saw this on Pilot Career Centre:
Malaysian budget airline AirAsia is likely to sign a deal with All Nippon Airways (ANA), Japan's largest carrier, to launch a low-cost airline, the Star newspaper reported, citing sources.
An announcement will be made next week that involves AirAsia setting up a low-cost carrier and a hub in Japan that serves domestic and regional markets, the report said. It made no mention of the financial value of the deal.
The Star also said AirAsia will drive operations and hold an equity share in the partnership called AirAsia Japan.
AirAsia could not be immediately reached for comment, while ANA spokesman in Tokyo Ryosei Nomura said, "ANA does not comment on market rumours."
AirAsia has drawn up plans to buy an extra 100 Airbus A320neo jets, potentially taking its record-breaking order to 300, a source with direct knowledge of ongoing discussions said last week.
ANA's rival Japan Airlines signed a JPY¥10 billion - JPY¥20 billion (USD$126.3 million - USD$252.5 million) joint venture agreement this month with Australia's Jetstar -- a unit of Qantas Airways -- to create a new discount airline, the Nikkei business daily had reported.
Should be interesting is this develops. I wonder what will happen to Peach?
Credits:
AirAsia, ANA May Sign Low-Cost Airline Deal - PCC Daily Aviation News for Pilots - PILOT CAREER CENTRE