Rakuten’s share in AirAsia’s Japanese subsidiary is expected to stand at less than one-third of the budget carrier’s capital base. Rakuten and AirAsia will announce their partnership on Tuesday. Several other Japanese corporations will also invest in the company. Japan Airlines and All Nippon Airways dominate the domestic low-cost carrier business with Jetstar Japan under JAL’s wing, and Peach Aviation and Vanilla Air under ANA’s. Rakuten’s foray into the aviation industry is expected to ramp up competition among the industry. On the other hand, Rakuten can expect to develop new travel merchandise by incorporating Asian networks in addition to domestic networks operated by AirAsia. Get the full story at The Japan News