JAL and JAS submitting reved merger plan - paper

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

 



NEW YORK, April 23 (Reuters) - Japan Airlines Co. Ltd. (9201) and Japan Air
System Co. Ltd. (9203) are submitting a revised merger plan to the Fair
Trade Commission to avoid violating the Anti-Monopoly Act, The Asahi Shimbun
reported.

According to Wednesday's edition of the paper, monitored in New York on
Tuesday, the two air carriers proposed surrendering slots for about ten
flights to and from Tokyo International Airport at Haneda.

Under the merger, JAL and JAS would jointly establish a holding company by
October and thereafter plan to cut thair domestic airfares around 10 percent
to boost competition in the domestic market and answer criticism from the
FTC, the paper said.

[Index of Archives]         [NTSB]     [NASA KSC]     [Yosemite]     [Steve's Art]     [Deep Creek Hot Springs]     [NTSB]     [STB]     [Share Photos]     [Yosemite Campsites]