Japan Airlines Co Ltd (9201.T)
21 Aug 2018
SHANGHAI/SINGAPORE China Eastern Airlines Corp Ltd and Japan Airlines Co Ltd (JAL) on Thursday said they would form a joint venture (JV) to capitalize on a boom in Chinese tourism, in the first such deal between a Chinese and Japanese carrier.
* Agreement comes at a time of diplomatic calm (Adds JAL comments on political risk, equity investment)
TOKYO Japan Airlines Co Ltd (JAL) is launching a low-cost carrier offering medium to long-haul flights, aiming to tap growing Asian demand for budget air travel.
* JAL will accept investors in new carrier (Adds quotes from analyst and Jetstar Japan)
* JAL operating profit up 2.5 pct, FY19 forecast down 4.3 pct