Airlines
ANA To Ink Narrowbody Deals, Take Stake in Philippine Airlines
Japan's largest carrier is moving quickly to fulfill a five-year growth plan.

Japan’s All Nippon Airways (ANA) plans to order 38 aircraft from Boeing and Airbus and acquire a 9.5 percent stake in PAL Holdings, the parent company of Philippine Airlines, in a $95 million deal meant to give Japan’s largest carrier a greater foothold in the fast-growing Asian market. ANA said it will order 20 Boeing 737 Max 8s and take options for another 10, cementing its position as the first airline in Japan to introduce the type. Plans also call for an order of 18 Airbus A320neos for use by its budget subsidiary Peach Aviation. The parties have scheduled deliveries to take place between ANA’s 2021 and 2025 fiscal years.


Loading…