Japan Airlines will make an additional investment in "Spring Airlines Japan", a Japanese subsidiary of LCC in China, to make it a subsidiary as part of strengthening the business of LCC = low-cost carrier in anticipation of demand after the infection of the new corona virus has converged. We officially announced that on the 7th.
According to the announcement, Japan Airlines plans to make an additional investment in "Spring Airlines Japan", which is a Japanese subsidiary of LCC in China and has a capital relationship, and the amount and ratio of investment are being finalized. It means acquiring a majority stake and making it a subsidiary in June.
In addition, Japan Airlines is also discussing whether to provide financial support for "Jetstar Japan," which is an LCC with a similar capital relationship and is also funded by the Qantas Group of Australia.
Japan Airlines has positioned LCCs as one of the pillars of its profit improvement measures, saying that if the infection with the new coronavirus is resolved, demand for tourism and other activities can be expected.
The company aims to double the income of the three LCC companies in the group, which includes "Spring Airlines Japan" and "Jetstar Japan" and the Japanese LCC "Zip Air Tokyo", by 2025. I will.