All Nippon Airways Co. said Thursday it has teamed with a Hong Kong investment group to launch a budget airline, aiming to tap the growing but competitive Asian market.
The airline, which will fly both international and domestic routes, is expected to start operations in the second half of fiscal 2011, ANA officials said.
Domestic investors will own a 66.7 percent stake in the low-cost carrier, with ANA as the top shareholder, the officials said.
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