KUALA LUMPUR, Malaysia (AP) - Southeast Asia's top budget carrier, AirAsia, says it will part ways with Japan's All Nippon Airways Co. amid clashes over how to run their low-cost joint venture airline.

KUALA LUMPUR, Malaysia (AP) Southeast Asia's top budget carrier, AirAsia, says it will part ways with Japan's All Nippon Airways Co. amid clashes over how to run their low-cost joint venture airline.

AirAsia says it will sell its 49 percent stake to ANA for 2.45 billion yen ($25.1 million).

It says a "fundamental difference of opinion" on cost management and other issues have hampered the joint venture.

AirAsia Chief Executive Tony Fernandes says Tuesday he remains positive about the Japanese market and hopes to make a comeback there in the future.

The move will cost AirAsia a key hub in East Asia but its long-haul arm AirAsia X still flies from Kuala Lumpur to Tokyo and Osaka.