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The new JAL Group holding company, Japan Airlines System Corporation,
established in October 2002 to oversee the complete merger of Japan Airlines
(JAL) and Japan Air System (JAS), will take direct control of two subsidiary
companies, JAL Sales Company Ltd., and JAL Capital Ltd., formerly subsidiaries of Japan Airlines. The move is part of the company's strategic
reorganization of subsidiary companies, aimed at improving the financial and
competitive strength of the new JAL Group.
JAL Sales, the sales and marketing unit of the JAL Group has two subsidiary
companies, JALTours, a domestic package tour wholesaler, and the JALPAK Company, a wholesaler of international package tours and a leading brand in
the Japanese travel market. These companies are absorbing the package tour
wholesaling activities of JAL and JAS and are broadening their sales base in
the Japanese market.
JAL Capital, a financing and leasing company subsidiary for the former JAL
Group, will develop financing and lease activities for the expanded group
following the JAL/JAS merger. |
