JAL – Japan Airlines wants to expand its 5% investment in Spring Airlines Japan to a controlling 51% or higher share.
The purchase of additional shares is expected to be accomplished in May.
Spring Airlines Japan (Tokyo-Narita) is a low-cost airline. It is currently 33% owned by Spring Airlines, a Chinese low-cost carrier, with the remaining shares held by Japanese investors including JAL. The airline began operations in August 2014. The airline specializes in bringing Chinese tourists to Japan.
JAL is eager to cash in on the expected return of Chinese tourists.
Top Copyright Photo: Spring Airlines Japan Boeing 737-86N WL JA03GR (msn 41272) HNL (Ivan K. Nishimura). Image: 922533.
Spring Airlines Japan aircraft slide show: