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JAL Group Sells Stake in Passenger & Ground Handling Subsidiaries

Travel News Asia Latest Travel News Podcasts Videos Wednesday, 11 August 2010

Japan Airlines International (JALI) is selling 90% of its stake in JAL Sky Kansai, while another group subsidiary JAL Ground Service is selling 90% of its stake in both JAL Ground Service Kansai and JAL Ground Support Kansai, to Konoike Transport by way of a stock transfer agreement.

When Kansai International Airport opened in 1994, JAL Sky Kansai (formerly JAL Wings), JAL Ground Support Kansai and JAL Ground Service Kansai (formerly West Japan Passenger Services) were entrusted with providing passenger services at check-in counters, boarding gates and support to ground handling processes. Since then, the scope of work consigned by JALI has been greatly expanded to include lounge services, administration and planning related to passenger handling, flight operational support and more, the high quality of which directly and significantly contributed to the safe operations of JAL Group flights at Kansai over the years.

Of the stocks owned by Japan Airlines International in JAL Sky Kansai Co., Ltd. (1,000 stocks, voting rights of 100%), 900 stocks (voting right ratio 90.0%) will be transferred to Konoike Transport.

Of the stocks owned by JAL Ground Service in JAL Ground Support Kansai Co., Ltd. (2,400 stocks, voting rights of 100%), and in JAL Ground Service Kansai Co., Ltd. (28,000 stocks, voting rights of 100%), 2,160 and 25,200 of stocks from the respective subsidiaries (both with voting right ratio of 90%) will be transferred to Konoike Transport.

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