All Nippon Airways (ANA) president Shinichiro Ito said the carrier is targeting annual sales of between JPY150 billion and JPY200 billion (USD1.8 billion and USD2.5 billion) in five years from its LCC subsidiaries launching in 2012, acccording the The Nikkei reports. AirAsia Japan "will add five or six planes to its fleet each year, bringing the total to 25-30 aircraft in fiscal 2016," Mr Ito noted, adding that while the LCCs will "take away some of ANA's customers, they will contribute to group earnings". Peach Aviation, meanwhile, launched operations on 01-Mar-2012. [more - CAPA Blog]
ANA expects LCC subsidiaries to achieve annual sales of USD1.8bn to USD2.5b in five years
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ANA has been looking over the last two years to supplement its position in Southeast Asia, which it sees as a key growth market, through strategic acquisitions. But after not completing a tentative deal to acquire a 49% stake in a small Myanmar-based carrier and passing up on potential stakes in larger flag carriers, the focus is now primarily on organic growth. This will also help ANA's growing North America-Asia transfer traffic.
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