Well didn't Air Asia just fail in Japan with a legacy airline??
True, ANA and Tony Fernandes didn't share the same philosophy on how to run a LCC, so they decided to part. However, about one month ago, Tony tweeted that he found the perfect new partner for re-entering the Japan market! Will be interesting to see what's going to happen there (and when).
As far as Tiger Mandala is concerned: All the Indo carriers are bleeding now due to the extremely week Rupiah. Because it's election year, this might not get any better until next year.