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Jetstar and Spring Airlines to establish units in Japan

8-Mar-2011 10:17 AM

Jetstar Airways and Spring Airlines reportedly plan to operate domestic routes in Japan (Yomiuri/Bloomberg, 08-Mar-2011). The LCCs will raise funds from Japanese companies to establish units in Japan to satisfy regulations requiring companies that operate domestic routes have less than one-third foreign capital. The carriers have reportedly approached Japan’s MLIT with their plans. The ministry will reportedly approve the move if the companies meet the required conditions.