TOKYO -- Japan Airlines plans to make Spring Airlines Japan, a low-cost carrier partly funded by China's Spring Airlines, a consolidated subsidiary by the end of June, Nikkei has learned.
JAL, one of Japan's two major airlines along with All Nippon Airways, will make an additional investment of several billion yen (tens of millions of dollars) to acquire a majority stake in Spring Airlines Japan. It will strengthen ties with the LCC, which has a strong customer network in China, in anticipation of a recovery in demand for tourism and visits to acquaintances after the coronavirus pandemic.
