Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
JAL And JAS Merger News  
User currently offlineDouglasDC8 From Australia, joined Dec 2007, 0 posts, RR: 0
Posted (14 years 6 months 2 weeks 6 days 15 hours ago) and read 1877 times:

Reports: Japan Airlines Close Merger

.c The Associated Press

TOKYO (AP) - Japan's first- and third-largest airlines are close to a merger that will create the world's number-six carrier in terms of annual passenger miles flown, news reports said Sunday.

Japan Airlines Inc., the world's eighth-biggest airline, and regional carrier Japan Air System Inc. plan to merge their operations under a holding company in the fall of 2002, the Nihon Keizai financial daily reported, without citing sources. They hope to finalize the deal by the end of this year and have it approved by shareholders next June, it said.

Other Japanese news media carried similar reports Sunday.

JAS spokesman Teichi Murayama said late Sunday that the two airlines - which have cooperated in business tie-ups in the past - were discussing methods of making their management more efficient, but said he was unaware of any merger talks.

He declined to speculate on the Nikkei's assertion that a merger would create the world's sixth-largest airline, adding that he believed the ranking may have been based on outdated information.

Japan Airlines spokesman Geoffrey Tudor said Sunday he could not confirm whether the two companies were discussing a merger.

The merger would be the first realignment in the Japanese airline industry in 30 years and give the new company 48 percent of the domestic market at a time that prospects for a recovery in international travel remain uncertain, the Nikkei said.

Japan Airlines is the nation's leading international carrier but its 25 percent share of the domestic market is only half that of Japan's number-two airline, All Nippon Airways Co.

Japan Air System, a regional carrier which serves other destinations in Asia as well as the country's main domestic routes, was itself formed by a merger in 1971. It has been hard hit by Japan's decade-long economic slump.

AP-NY-11-11-01 1245EST

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Reuters: JAL And JAS To Merge posted Sun Nov 11 2001 19:16:46 by B757300
JAL And JAS To Merge? posted Sun Nov 11 2001 15:59:03 by ContinentalEWR
What Alliance For JAL And Jas? posted Sat Jun 10 2000 13:35:26 by Theodule
JAL/JAS Merger posted Thu May 23 2002 07:59:26 by LMP737
Japanese Watchdog Disapproves Of JAL-JAS Merger posted Fri Mar 15 2002 23:16:05 by Singapore_Air
Watchdog Decision On JAL-JAS Merger Awaited posted Thu Mar 14 2002 20:00:36 by Singapore_Air
JAL/JAS Merger posted Sat Dec 22 2001 19:14:54 by VivaGunners
JAL/JAS Merger Slashing 10% Work Force posted Thu Nov 15 2001 17:41:51 by Jiml1126
Latest On JAL/JAS Merger/cooperation Deal posted Mon Nov 12 2001 07:30:34 by Jiml1126
F9 And WP Merger? posted Sat Jan 20 2007 06:13:45 by AeroMaxx