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Japan-Update

ANA targets expansion of budget flights across Asia

Japanese carrier aims to double sales in five years for Peach and Vanilla units

ANA Holdings unit Peach Aviation is expected to add more routes throughout Asia.

TOKYO -- ANA Holdings will expand flights by its budget carriers to capture growing demand from Asian visitors to Japan, focusing on Southeast Asia, even as competition in the low-cost field intensifies.

ANA released its five-year strategy through fiscal 2022 on Thursday, outlining plans to boost mid-distance budget routes across Asia, including India. The Japanese company aims to double sales for its low-cost carriers from an estimated 96 billion yen ($881 million) for the year ending in March to just under 200 billion yen in fiscal 2022.

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