AirAsia Ceases Operations in Japan as Covid-19 Wipes Out Travel
- Carrier also reported to be stopping operations in India
- Long-haul arm AirAsia X needs aid to continue as going concern
An AirAsia Japan Co. aircraft n Narita City, Japan.
Photographer: Kiyoshi Ota/Bloomberg
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AirAsia Group Bhd. will cease operations in Japan immediately as it tries to reduce cash burn amid the coronavirus outbreak that’s wiped out travel demand globally.
AirAsia Japan has stopped operations as of Monday, Southeast Asia’s second-biggest budget carrier said in a statement. That will help the parent conserve cash. Further steps on the decision will be made in accordance with applicable laws and regulations including the Japan Civil Aeronautics Act, it said.