ASIA Travel

ANA to Launch Low Cost Osaka-Based Airline

Search ASIA Travel Tips .com Send to Friend ASIA Travel Latest Travel News Thursday, 3 February 2011

All Nippon Airways and First Eastern Investment Group of Hong Kong have finalized a joint venture agreement to invest in a new low cost airline based at Kansai International Airport in Osaka.

The new joint venture company, A&F・Aviation Co., Ltd., will be officially established and will own and operate the new carrier. The initial capitalization of the new company will be •30,050,000 comprised of: ANA •10,050,000; First Eastern Aviation Holdings Limited (Hong Kong Corporation) •10,000,000; Others •10,000,000.

Prior to the start of service, additional investment will be raised from domestic investors to a maximum of approximately •15 billion.

The new company will apply for an Air Operator Certificate and begin to build its brand with the aim of beginning low-cost operations in the second half of next fiscal year.

The CEO of the new company is planned to be Shinichi Inoue, currently Vice President, LCC Joint Venture Project Team of ANA.

See other recent news regarding: Airlines, Airports, Awards, Flights, Codeshare, FFP, Inflight, Lounges, First Class, Business Class, MICE, GDS, Rewards, Miles, Hotels, Apartments, Promotions, Spas, Yoga, Retreat, New Hotels, Traffic, Visitor Arrivals, Cruises, Free Deals, Interviews, Videos, All Nippon Airways, ANA, Japan, Hong Kong

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also receive the daily news service by WhatsApp, stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
Copyright © 1997-2020