Japan’s airlines explore budget options
The next 18 months will see Japan finally fall in with what has become an established trend regional and global aviation and roll-out low cost carriers (LCCs). Private equity has featured in the development of these airlines in Asia, notably Malaysia-based Air Asia, which received $26 million in backing from IDB Infrastructure, Crescent Venture Partners and Deucalion Capital.
The Japan model is no exception despite the dominant position of Japan Airlines (JAL) and All Nippon Airways (ANA), both of which have close ties to the state. In February, Peach Aviation, a joint venture...
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