AirAsia Japan begins to unwind

 As AirAsia withdraws its participation in AirAsia Japan, the low-cost airline will cancel hundreds of flights over two months before ceasing operations under the current brand.
In late June, the Malaysian no frills airline announced it would no longer share the management of AirAsia Japan with partner All Nippon Airways (ANA) and had decided to sell its 49 percent stake in the budget carrier.
Ceasing operations under the AirAsia brand from 31 October 2013, the airline is required to return its leased aircraft back to AirAsia by 1 November 2013, leaving AirAsia Japan in short supply of planes.
In a company statement, the airline said as a result of the shortage it would suspend 14 daily flights from 1 September to 26 October on routes linking Seoul to Nagoya and Tokyo to Sapporo, the Bangkok Post reported.
According to AirAsia, a “difference of opinion” on how the business should be managed was the cause of the separation, however, ANA said it was because the low-cost carrier was not known in Japan and was failing to register profits.
ANA is expected to launch a new budget airline in November this year.

Sourced: etravelblackboardasia