July 29, 2005
All Nippon Airways, Japan's second-biggest airline, said on Friday it would buy three 767 aircraft from Boeing for about JPY40 billion yen (USD$356 million).
With a new cargo aircraft, ANA said it would strengthen its cargo business by having a total of four freighters by March 2007.
The other two 767s will be passenger jets, which will be introduced from the business year to March 2007.
ANA announced the planned purchase of 767-300s with its quarterly earnings report. Its group operating profit rose 32.6 percent to JPY11.76 billion (USD$104.7 million) for the three months ended June as it offset high fuel prices by downsizing equipment and other expenses.
ANA's solid results contrasted with those of the country's biggest airline, Japan Airlines, whose group net loss widened to JPY32 billion (USD$28.5 million) for the same quarter from JPY30.3 billion (USD$269.7 million) a year earlier.
Guess they want increased cargo capacity as well.
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