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.
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