JAL to acquire Spring Airlines Japan as subsidiary
By Alfred Chua2021-05-07T08:27:00+01:00 Japan Airlines will acquire Spring Airlines Japan to become a consolidated subsidiary, as part of a move to streamline its low-cost units and tap into future growth potential. JAL, which currently holds 5% shareholding in the joint venture with Chinese low-cost giant Spring Airlines Group, hopes to complete the acquisition by June this year. Source: Wikimedia Commons A Spring Airlines Japan 737-800 in March 2019 While the Oneworld carrier did not elaborate on how much it was set to invest, it states that it will work with 48% shareholder Spring Ai...
Source: flightglobal.com