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JAL to Make Spring Airlines Japan Subsidiary: Sources

JAL to Make Spring Airlines Japan Subsidiary: Sources

   Tokyo, April 26 (Jiji Press)--Japan Airlines <9201> plans to make Chinese-affiliated low-cost carrier Spring Airlines Japan a subsidiary, it has been learned.
   JAL, which currently holds an equity stake of some 5 pct in the LCC based in the city of Narita, Chiba Prefecture, east of Tokyo, will make an additional investment of several billion yen to boost its stake to a majority by around June, informed sources said Sunday.

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AFP-JIJI PRESS NEWS JOURNAL


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