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JAL Sales and JAL Capital become subsidiaries of Japan Airlines System Corporation

Search ASIA Travel Tips .com 23 January 2003

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.

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