AirAsia Group announces cessation of AirAsia Japan's operations

AirAsia Group Bhd has announced the cessation of AirAsia Japan Co Ltd’s operation to reduce cash burn for the company and the group.

In a filing with Bursa Malaysia today, it said the decision was taken amid the highly challenging operating conditions in Japan which had been aggravated by the Covid-19 pandemic.

“We shall make further disclosures as necessary on this matter in due course,” it said...