Japan's ANA airline group has become a new member of what has been billed as the world's largest low-cost carrier (LCC) alliance. ANA Holdings' admission to alliance also comes as Philippines-based budget airline group Cebu Air Inc acquired a 15% stake in the joint venture, according to Nok Air executives. Together with ANA group, VA now includes Scoot, Nok Air, NokScoot, Tigerair Singapore, Tigerair Australia, Cebu Pacific, Cebgo, Jeju Air, Vanilla Air and ANA. There has been a change in the shareholding ratio of Air Black Box Asia Pacific to accommodate the acquisition by ANA Holdings and Cebu Air. Nok Air and Scoot each reduced their stakes from 25% to 15%, while VaultPAD Ventures trimmed its stake from 50% 5o 40%.

Source: Bangkok Post November 21, 2016 00:37 UTC