A general meeting of shareholders of the Hokkaido-based airline "Air Do" was held in Sapporo, and a proposal to issue 7 billion yen of preferred shares was proposed to improve finances prior to the business integration with "Solaseed Air" in Kyushu. Approved.
This is a step forward in the process for business integration.
"Air Do", in order to promote the rebuilding of management, established a holding company in collaboration with the "Sorashidoea" headquartered in Miyazaki City in prospect October next year, we reached a basic agreement in May by management integration ..
At Air Do's general meeting of shareholders held in Sapporo on the 29th, in order to improve the finances prior to the business integration, 7 billion yen of preferred stock was issued in July and was accepted by a financial institution. , A proposal to reduce capital to reduce capital has been approved.
According to the company, the shareholders who attended asked how the shares held by the current shareholders will be handled after the establishment of the joint holding company, and the company will newly respond to the percentage of shares held at this time. He answered that he assumed that he would hold the shares of the holding company.
After the general meeting of shareholders, President Susumu Kusano told reporters, "We are ready to focus on promoting collaboration with Solaseed Air. We will do our utmost to establish a joint holding company to meet the expectations of our shareholders." I did.
Air Do plans to consult with Solaseed Air to discuss the specific details of the joint holding company and consult with the shareholders' meeting in June 2007.