{"id":28457,"date":"2020-11-19T09:47:38","date_gmt":"2020-11-19T01:47:38","guid":{"rendered":"https:\/\/sg.everydayonsales.com\/news\/?p=28457"},"modified":"2020-11-19T09:47:38","modified_gmt":"2020-11-19T01:47:38","slug":"airasia-japan-files-for-bankruptcy-due-to-slump-demand-in-travel-industries","status":"publish","type":"post","link":"https:\/\/sg.everydayonsales.com\/news\/28457\/airasia-japan-files-for-bankruptcy-due-to-slump-demand-in-travel-industries\/","title":{"rendered":"AirAsia Japan Files For Bankruptcy Due to Slump Demand In Travel Industries"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-28462\" src=\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/to-Slump-Demand-In-Travel-Industries.jpg\" alt=\"\" width=\"1200\" height=\"630\" srcset=\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/to-Slump-Demand-In-Travel-Industries.jpg 1200w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/to-Slump-Demand-In-Travel-Industries-300x158.jpg 300w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/to-Slump-Demand-In-Travel-Industries-1024x538.jpg 1024w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/to-Slump-Demand-In-Travel-Industries-768x403.jpg 768w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/to-Slump-Demand-In-Travel-Industries-1170x614.jpg 1170w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/to-Slump-Demand-In-Travel-Industries-585x307.jpg 585w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>AirAsia Japan Files For Bankruptcy Due to Slump Demand In <a class=\"thirstylink\" target=\"_blank\" title=\"Expedia\" href=\"https:\/\/sg.everydayonsales.com\/news\/go\/expedia\/\" data-nojs=\"1\" data-shortcode=\"true\">Travel<\/a> Industries<\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-28461\" src=\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/press-release-japan-incheon_7.jpg\" alt=\"\" width=\"1200\" height=\"788\" srcset=\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/press-release-japan-incheon_7.jpg 1200w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/press-release-japan-incheon_7-300x197.jpg 300w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/press-release-japan-incheon_7-1024x672.jpg 1024w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/press-release-japan-incheon_7-768x504.jpg 768w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/press-release-japan-incheon_7-1170x768.jpg 1170w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/press-release-japan-incheon_7-585x384.jpg 585w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>The AirAsia Group Bhd&#8217;s associate company in Japan, AirAsia Japan Co Ltd (AAJ) has filed for bankruptcy due to the demand slump in the <a class=\"thirstylink\" target=\"_blank\" title=\"Expedia\" href=\"https:\/\/sg.everydayonsales.com\/news\/go\/expedia\/\" data-nojs=\"1\" data-shortcode=\"true\">travel<\/a> industry which was affected mainly by restrictions on the coronavirus pandemic. AirAsia Groups holds a 33% stake in AAJ via its shareholding AirAsia Investment Ltd.<\/p>\n<p>The group announced that the board of directors has announced to cease all AAJ&#8217;s operations with immediate effects on 5th October in order to reduce the losses damage from getting higher. Meanwhile, the company also mentions that it will return to operation by mid-2021 if the air <a class=\"thirstylink\" target=\"_blank\" title=\"Expedia\" href=\"https:\/\/sg.everydayonsales.com\/news\/go\/expedia\/\" data-nojs=\"1\" data-shortcode=\"true\">travel<\/a> industry bounces back to normal.<\/p>\n<p>Meanwhile, AirAsia&#8217;s domestic services in Thailand are having similar strong positive signs too including in Malaysia, Indonesia, and the Philippines.<\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-28458\" src=\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/AirAsiaMNL-KIXOpenForSale.jpg\" alt=\"\" width=\"1200\" height=\"1598\" srcset=\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/AirAsiaMNL-KIXOpenForSale.jpg 1200w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/AirAsiaMNL-KIXOpenForSale-225x300.jpg 225w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/AirAsiaMNL-KIXOpenForSale-769x1024.jpg 769w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/AirAsiaMNL-KIXOpenForSale-768x1023.jpg 768w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/AirAsiaMNL-KIXOpenForSale-1153x1536.jpg 1153w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/AirAsiaMNL-KIXOpenForSale-1170x1558.jpg 1170w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/AirAsiaMNL-KIXOpenForSale-585x779.jpg 585w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/> <img loading=\"lazy\" class=\"alignnone size-full wp-image-28460\" src=\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/airasia-4_20201117193211_airasia.com_.jpg\" alt=\"\" width=\"1200\" height=\"800\" srcset=\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/airasia-4_20201117193211_airasia.com_.jpg 1200w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/airasia-4_20201117193211_airasia.com_-300x200.jpg 300w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/airasia-4_20201117193211_airasia.com_-1024x683.jpg 1024w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/airasia-4_20201117193211_airasia.com_-768x512.jpg 768w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/airasia-4_20201117193211_airasia.com_-1170x780.jpg 1170w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/airasia-4_20201117193211_airasia.com_-585x390.jpg 585w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/11\/airasia-4_20201117193211_airasia.com_-263x175.jpg 263w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AirAsia Japan Files For Bankruptcy Due to Slump Demand In Travel Industries The AirAsia&hellip;<\/p>\n","protected":false},"author":6,"featured_media":28462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[21],"tags":[841],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.2 - 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