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By Greg Waldron2021-04-27T03:46:00+01:00
Japan Airlines (JAL) plans to increase its investment in low-cost carrier Spring Airlines Japan sometime in June.
The airline confirmed reports in Japanese media that it intends to “strengthen the investment” into the low-cost carrier, with further details to accompany its full-year results statement on 7 May.
Source: Wikimedia Commons
A Spring Airlines Japan 737-800 in March 2019
Quoting sources, Japanese media have reported that JAL plans to boost a 5% stake in Spring Airlines Japan to a majority stake, enabling it to better ride a recovery in Chinese tourism as the coronavirus pandemic abates.
The investment will reportedly be worth several billion Japanese yen. Founded in 2012, Spring Airlines Japan is 48% owned by China’s Spring Airlines, with the balance held by Japanese investors.