AirAsia in August posted its largest quarterly loss on record, and has said it wants to raise as much as 2.5 billion ringgit ($600 million) by the end of the year to weather the pandemic. The airline has also flagged that it’s evaluating its Japanese business, which counts e-commerce group Rakuten Inc. among its investors, and a decision was imminent.
AirAsia Group Bhd. is closing down its operations in Japan as it grapples with coronavirus-related restrictions on global travel, Nikkei reported, citing an unidentified person close to the low-cost airline.
The Malaysian group’s directors met Monday and decided to wind up the Japanese venture, Nikkei said. An announcement will follow early next week, according to the report.
