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ANA Holdings Inc. Cancels Joint Venture Agreement with AirAsia Berhad

Tuesday, 25 Jun 2013 03:00am EDT 

ANA Holdings Inc. announced that it has decided to cancel the joint venture agreement with AirAsia Berhad on June 25, 2013. As a result, the Company will acquire the remaining stake in the joint venture AirAsia Japan Co., Ltd. and discontinue the use of AirAsia brand after October 31, 2013. Currently, ANA Holdings is holding a 67% stake and AirAsia Berhad is holding a 33% stake by voting rights in the joint venture respectively, and a 51% stake and a 49% stake by shares respectively. 

Company Quote

-2.4 -0.94%
2:00am EDT