Rakuten to enter air travel through AirAsia partnership

Thursday 26 June 2014 00:14 CET | News

Rakuten, a Japanese internet services provider, has revealed plans to team up with Malaysia-based budget carrier AirAsia, in order to enter the air travel business.

Rakuten will allegedly acquire a stake of around 15-19% for about USD 9.8 million. If the deal goes through, the new carrier could operate flights linking central Japan’s Chubu Centrair airport with main Japanese destinations.

Japan’s aviation law limits a foreign equity stake in a Japanese airline to one-third.

In recent news, Rakuten has opened a global unit dubbed the Rakuten India Development and Operations Center (RIDOC) in India.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Rakuten, AirAsia, Malaysia, air travel, ecommerce
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events