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AirAsia Ends ANA Tieup Over Operating Disputes at Carrier

AirAsia Bhd., the region’s biggest budget airline, said it will dissolve a low-cost carrier venture with ANA Holdings Inc. amid disputes over operating the company.

Senior managers appointed by ANA “just didn’t understand the low-cost business,” Tony Fernandes, AirAsia’s group chief executive officer, said in a telephone interview today. ANA will buy out AirAsia’s stake in the airline, the Tokyo-based carrier said today in a statement, without giving a reason.