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Byline: Vasantha Ganesan
TOKYO: All Nippon Airways (ANA), Japan's largest airline, and AirAsia Bhd have formed a 51:49 joint venture (JV) to create a five billion yen (RM190 million) AirAsia Japan Co Ltd that will be based at Narita International Airport.
The JV, described by AirAsia as a very profitable one, is already in talks for the setting up of a local low-cost carrier terminal (LCCT) at Narita.
Under the current agreement, AirAsia Japan is to fly out of Terminal 2 in Narita once the carrier is operational in August 2012.
AirAsia Japan hopes to be able to move into the Americas, particularly the western coast of the US within a year after it …