Under the influence of the new coronavirus, in the strict management of the airline continues, and is referred to as base Hokkaido "Air Do", based in Kyushu "Sorashidoea" is established a holding company jointly prospect October next year However, on the 31st, we officially announced that we had agreed to promote standardization of operations.
The two companies will each be affiliated with the holding company, but will maintain their brands and routes.
In addition, the two companies will each reduce their capital to secure the necessary funds, while having the government-affiliated Development Bank of Japan and local regional banks take over the "preferred shares" whose voting rights are restricted. We also announced that we will increase the capital.
The management of both companies has become even more difficult due to the effects of the new coronavirus, and the final financial results for last year announced on the 31st were a deficit of 12.1 billion yen for Air Do and 7.6 billion yen for Solaseed Air.