TOKYO -- Japan Airlines will apply in March for a license for a budget carrier to begin service next year, the company said Monday.
The new airline is expected to fly medium- and long-haul flights between the Tokyo area's Narita Airport and cities in greater Asia, Europe and the U.S. JAL sets aside 23 billion yen ($206 million) in initial investment for aircraft and other outlays for the low-cost carrier under its revised medium-term plan through fiscal 2020 announced Monday.
