JAL/JAS Integration and Comment

“Today, March 15, we received a Fair Trade Commission (FTC) report that raised a number of issues regarding the proposed JAL/JAS integration.

According to the FTC, this is an interim report and they will continue to study our planned integration, taking our additional proposals into account.

Since November 2001 the JAL/JAS merger team has been explaining the necessity to establish a stronger business base to compete successfully in the global airline market.
We will make careful study of the issues raised by the FTC and continue our dialogue with them.”