Peach Aviation investor First Eastern Investment's chairman Victor Chu reportedly stated he wanted to open up mainland China routes from Kansai International Airport with Peach Aviation within three to five years (South China Morning Post/NNA Asia, 05/06-Aug-2011). He said the routes to China would include Beijing, Dalian and Shanghai. Mr Chu said that while Peach is a short-haul LCC, the newly created AirAsia Japan by ANA and AirAsia is a short and medium-route LCC and stressed that Peach had quite different features from AirAsia Japan. He however stated that he is concerned that AirAsia was opposing Peach entrance to Tokyo Narita International Airport at where AirAsia Japan will establish its base. He also commented that AirAsia Japan’s staff cost would be higher due to the labour issue, which did not affect Peach. He also stressed the advantage of Peach by saying it has a strong support from Kansai International Airport where it is based. Peach’s investors are ANA (33.4%) and FEI (33.3%) plus other Japanese investors (33.3%).
8-Aug-2011 11:18 AM