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KI Holdings Co Ltd Announces Settlement of Lawsuit Filed by ANA Holdings Inc.

Thursday, 30 May 2013 11:00pm EDT 

KI Holdings Co Ltd announced that on May 31, 2013 it has reached a settlement on the lawsuit, which ANA Holdings Inc (formerly, All Nippon Airways Co., Ltd.) filed against KI Holdings with the Tokyo District Court on January 28, 2011, demanding JPY 20,181,901,168 claim for damage of default in delivering aircraft seat from KI Holdings. KI Holdings will pay JPY 1,769,500,000 to ANA Holdings for the settlement. Following this, ANA Holdings has also withdrawn the lawsuit against a subsidiary of KI Holdings, which was announced on November 17, 2011. 

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