Announcement Regarding the Change of Representative Director and CEO

• Shinichi Inoue, who has been the Representative Director and CEO since the inception, will resign on March 31, and become the Member of the Board, Senior Executive Vice President of All Nippon Airways Co., Ltd.
• Deputy CEO, Takeaki Mori, will become the new Representative Director and CEO from April 1

Peach Aviation Limited ("Peach") announce the informal decision of the retirement of Representative Director and CEO, Shinichi Inoue, effective March 31, 2020. Deputy CEO, Takeaki Mori, will become the new Representative Director and CEO from April 1, 2020. *1

On March 1, 2012, just one year after its inception, Peach started its domestic service with three aircraft as the first LCC in Japan, and two months later, in May, started its international service. Since then, Peach has been promoting the value of LCC based on the idea of becoming the "Flying Train." Its endeavor to create demand had led to the expansion of domestic and international services. March 1, 2020 marks the eighth anniversary of its first flight. Peach now operates 33 aircraft on 21 domestic and 18 international routes. Approximately 20,000 passengers fly Peach every day*2

Shinichi Inoue has been serving as the Representative Director and CEO of Peach since inception. "No one thought LCC would succeed in Japan. But, 35 million passengers have been on board in the last eight years since the company started. Now LCC has become a common method of transportation in Japan. The past eight years has been a continuous challenge. We owe our success to our customers and partners who have supported us from the beginning as well as our passionate and dedicated employees," he said.

Shinichi Inoue will be appointed to the Member of the Board, Senior Executive Vice President of All Nippon Airways Co., Ltd.

Our goal is to become the bridge that connects Asia. We will continue to be a growing company while treating safety as our utmost priority.

*1 Will be officially elected at the board meeting held on March 26
*2 Includes flights that are currently being suspended due to the Novel Coronavirus.