JAL to make low-cost carrier Spring Airlines Japan a subsidiary
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Japan Airlines Co. is planning to make a unit of Chinese low-cost carrier Spring Airlines Co. a subsidiary. | KYODO
Kyodo
Apr 26, 2021
Japan Airlines Co. is planning to make a unit of Chinese low-cost carrier Spring Airlines Co. a subsidiary to meet an expected recovery in tourism demand after the coronavirus pandemic subsides, sources familiar with the matter said Sunday.
JAL, which currently has about a 5% stake in Spring Airlines Japan Co., will invest an additional several billion yen possibly in June to increase its stake to 51% or more, the sources said.