As announced on November 12, Japan Airlines and Japan Air System have reached a basic agreement on integration of the two air transport groups, through an incorporated holding company, after obtaining the necessary approvals from the government bodies concerned and the companies` shareholders.
This announcement was followed on December 26 with the announcement of agreement on the stock swap ratio of between JAL and JAS and the proposed new holding company.
Today details of the organisation of the new Corporate Group company are announced, together with the name of the holding company due to be established as of October 2, 2002 (phase 1 of the merger), and the key business division names to be introduced in Spring 2004 (phase 2).
By radical improvements in a new corporate structure, the Japan Airlines Group will continue to maintain safety and security in flight operations. At the same time it will further develop fares and services competition and improve customer convenience in both the domestic and international networks.
Domestic route focus will be on establishing a comprehensive and competitive network by improvement in transport and service quality.
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