International Business & Economy We screwed up in Japan, says Tony Fernandes

We screwed up in Japan, says Tony Fernandes




- Advertisement -

Tony FernandesAirAsia founder Tony Fernandes (pic) admits that the low-cost carrier failed in its ventures in Japan and Europe.
“Japan was a disaster. Our partner didn’t understand what we wanted,” said Fernandes at the Global Entrepreneurship Summit 2013 in Kuala Lumpur today.
AirAsia parted ways with Japan’s All Nippon Airways (ANA) when it sold its 49% stake in AirAsia Japan to ANA in June this year.
Both airlines had clashed over management and operational differences followed by losses amounting to ¥3.5 billion (RM113 million).
Fernandes, 49, has publicly said that he wants AirAsia to re-enter the Japanese market and is on the lookout for financial partners.
“We’ve just got to look for the right one this time because we screwed up the last time,” he added.
He also spoke on the airline’s failed routes in Europe, citing multiple factors for the axing of the carrier’s European routes in March 2012.
“We pulled out of London because we had the wrong aircraft, the A340. The price of oil was US$80 (RM254) at the time. Then it went up to US$130 (RM413). With a four-engine aircraft, it was just not feasible,” Fernandes said, adding that the UK government’s green tax is “discriminatory against ultra-long-haul airlines”.
But Fernandes is keen to revive AirAsia’s previously axed routes, specifically to London.
“We’ve got to be in Europe. There’s a huge demand for London,” he said.
He said in June this year that the company was looking into commencing its flights to Europe once it receives its Airbus A350 aircraft, which are expected to be delivered beyond 2017 — a timeline that Fernandes says may be too late for the carrier to re-enter the European market.
“We may change the seating configuration and have business class, but we do have to fly to London,” he added.
He also rubbished rumours that low-cost carrier Malindo Air poses a threat to AirAsia, saying: “I have zero interest in Malindo… our competition is ourselves.”
Malindo is a new joint-venture between Lion Air, Indonesia’s low-cost carrier, and Malaysia’s National Aerospace and Defence Industries (NADI). The airline started operating in March this year.
From The Malaysian Insider
 Follow us on Social Media

Send in your scoops to 

- Advertisement -

Calvin Cheng cautions: “The PAP needs to remember how to be a political party”

Singapore -- Former Nominated Member of Parliament (NMP) Calvin Cheng took to social media to say that the era of Lee Kuan Yew-style politics was over. In a Facebook post on Tuesday (Apr 13), Mr Cheng wrote about politics in Singapore. “For half...

Those who recover from Covid-19 may be at risk for blood clotting: S’pore study

Singapore – According to a study by the Nanyang Technological University (NTU), people who have recovered from Covid-19 may face risks of blood clot formation due to an overactive immune response. Covid-19 patients, especially those with pre-existing cardiovascular conditions, may be at...

Tan Cheng Bock and Goh Chok Tong were apparently from the same CCA in RI

Singapore -- Known to have been close friends once, Dr Tan Cheng Bock and Mr Goh Chok Tong recently attended the same scouting event at Raffles Institution, indicating that they were likely from the same CCA as well. In a Facebook post...
Follow us on Social Media

Send in your scoops to