JAL to make low-cost carrier Spring Airlines Japan a subsidiary Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
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.