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JAS-JAL merger: their holding will generate profits of USD 188m

Tokyo, Japan - Full integration is planned for 2004

"Empire of the rising sun'"s air carriers Japan Airlines Co Ltd (JAL) and Japan Air System Co Ltd (JAS) forecast that their holding, Japan Airlines Group, will generate profits of USD 188m in the year to March. Last April, the Japan's Fair Trade Commission okayed the merger provided that JAS and JAL would reduce fares and return some of their landing slots. Once merger will be completed, JAS-JAL will...

AVIONEWS - World Aeronautical Press Agency - 31015

AVIONEWS - World Aeronautical Press Agency
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