Today, Japan Airlines and Japan Air System received the approval of the Fair Trade Commission (FTC) to integrate their businesses, leading to the creation of a more competitive domestic aviation market in Japan and aiming for a stronger corporate structure to better compete in the global aviation industry.
On March 15, the Fair Trade Commission had pointed to a number of issues, especially related to the domestic passenger market, where they had concerns.
After studying their concerns, on April 23 JAL and JAS submitted revised proposals based on the FTC`s comments.
Now they have the approval of the FTC they can proceed with seeking the approval of the shareholders of both companies at their respective annual generalmeetings of ahreholders in June. Following that, they intend to proceed with their plan to form a new holding company in October, the Japan Airlines System Ltd., as the new JAL Group.
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