Japan Airlines is going to acquire over 51% stocks of Spring Airlines Japan, a low cost carrier (LCC) and an affiliate of Spring Airlines of Shanghai, China, by June to make the LCC as a consolidated subsidiary of the major carrier. JAL owns about 5% of the stocks of Spring Airlines Japan at present.
Japan Airlines will pursue to get in-bound tourists to Japan after COVID-19 will be dwindled.
Spring Airlines Japan was launched in 2012 by Spring Airlines of China. Japanese investors, including JAL, have invested in this new airline with head office in Narita City, Chiba. From its hub in Narita, Spring Airlines Japan operates domestic routes such as Shin Chitose, Hiroshima, Saga as well as international routes to Tianjin, Harbin and such, hoping to get connected to strong network of Spring China.
JAL hopes to acquire leisure tourists through this LCC. As more remote work and video conferencing has become popular, JAL cannot expect the return of robust business demands anytime soon.
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