Reported by Mainichi Shimbun, August 2, 2010
All Nippon Airways (ANA) will accept capital participation from various parties including non-Japanese airlines as well as investment funds for launching of its new affiliate low cost carrier. ANA plans to start operations of its new LCC brand in 2011 with airfare level as low as half of major airlines.
ANA expects to collect capitalization over 50 billion yen (about 0.6 billion USD) in which ANA holds 50% as the biggest shareholder. Current regulations in Japan calls for constraining foreign capital participation at one third at highest, it is believed that ANA will welcome funds from foreign airliners and other funds around 20% mark. Whereas in domestic front, ANA will ask more numbers of travel agents and hotels that can make more synergy effect by joint founding of the new airliner.As for top executive of the new company, ANA wishes to head hunt anyone with robust experiences at LCCs outside Japan. ANA also studies feasibility to hire those pilots who were fired by JAL as a part of the airliner’s restructuring.
ANA will ask the Japanese government to lower its landing fees at domestic airports as they are higher than international standard as well as other airport service costs.
