Japan Airlines Corp, Jetstar Airways and Mitsubishi Corp have reportedly agreed to establish a LCC JV with plans to commence domestic and international service from its proposed based at Tokyo Narita International Airport by Dec-2012 (The Nikkei, 12-Aug-2011). The JV, reportedly tentatively named Jetstar Japan, will reportedly target the Japanese leisure travel market. Its domestic routes will reportedly cover Sapporo, Fukuoka and Naha, with an international network reportedly likely to cover destinations in South Korea, China and Guam. The JV will reportedly be capitalised at around JPY3 billion (USD39 million). Mitsubishi will contribute 33.4% of the amount, with JAL and Jetstar contributing 33.3% each. Through a capital increase by next summer, new shareholders are expected to be brought in. At this, Mitsubishi's ownership interest will be reduce, although JAL and Jetstar will reportedly maintain their 33.3% holding to be the two largest investors in the venture. Mitsubishi is looking to make profits by handling the leasing of Airbus aircraft used by the new carrier.
Jetstar-JAL LCC to commence service by Dec-2012: reports
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CAPA LCCs in North Asia Summit: Osaka, 13/14-Jun-2017 to be hosted by Kansai Airports
OSAKA, 22 September 2016 – CAPA - Centre for Aviation is pleased to announce that Osaka will be the host city for the annual CAPA LCCs in North Asia Summit on 13-14 June 2017.
The Summit, to be hosted by Kansai Airports, is one of the largest LCC gatherings in the region, attracting LCC CEOs from across Asia.
“Kansai International Airport as the gateway to Kansai region welcomes the CAPA LCCs in North Asia Summit in Osaka. We are extremely proud that this Summit will be hosted by Kansai Airports with the opportunity to introduce the attractiveness of the Kansai Region. For several years the LCC market has been on strong growth at KIX, where we have the number one LCC network among Japanese airports. We are really delighted to host this event in 2017 since our LCC Terminal extension will be completed by the first quarter next year”, said Yoshiyuki Yamaya, Representative Director and CEO, Kansai Airports, and Emmanuel Menanteau, Representative Director and Co-CEO, Kansai Airports.
airBaltic reaps rewards of restructuring rigour in Riga. Launch operator of CS300 returns to growth
On 28-Nov-2016 airBaltic took delivery of the world's first Bombardier CS300 for commercial service, which will begin on 14-Dec-2016 with a flight from Riga to Amsterdam. It will receive a further 19 of the aircraft variant by 2019.
Just five years ago airBaltic was heavily loss-making and close to bankruptcy. Under CEO Martin Gauss Latvia's national airline has negotiated a successful restructuring programme, established a track record of growing profits, secured a private investor alongside the national government, made significant load factor gains, and is now returning to capacity growth.
The new CSeries order should allow airBaltic to build on these achievements by replacing its ageing Boeing 737s with one of the most modern and efficient narrowbodies aircraft in the world, while also providing additional growth capacity. Together with its Dash-8 turboprop aircraft this purchase should give it a fleet well adapted to the niche needs of a hybrid regional hub airline based in northern Europe's smaller markets.