Airlines ANA orders 48 aircraft and invests $95m in Philippine Airlines
Japan´s All Nippon Airways (ANA) has announced, that it has placed orders for 48 narrow body aircraft. Moreover, the group has purchased a stake in Philippine Airlines.
During a board meeting, ANA Holdings has decided to place orders for a total of 48 new aircraft. Airbus has received an order for 18 A320neos, while competitor Boeing will deliver 30 B737 MAX 8 to the Japanese carrier.
Deliveries of the aircraft are scheduled between the Fiscal Years of 2021 and 2025. Main reason for this reorder is the strong economic growth of Asia connected with rising passenger demand in the aviation markets. Some of the 48 aircraft will be integrated into ANA subsidiary airline Peach Aviation.
ANA is already using A320neo family aircraft. To date, the airline has taken delivery of seven A320neos and nine A321neos. This new order represents the carrier´s contentment of the product. The 737 MAX 8 on the other hand is a new aircraft type for the carrier and a first for a Japanese airline in general.
Both state-of-the-art aircraft families feature new engines and aerodynamic advantages, which lead to improved economic performances. The aircraft are up to 20 percent more environmentally friendly when compared to previous aircraft generations.
In addition to the new aircraft order, ANA Holdings has announced it invested $95m in PAL Holdings, the parent company of flag-carrier Philippine Airlines. ANA has acquired 9.5 percent in shares, representing the airline´s plans to expand its international group network. The Japanese carrier stated, that ANA Holdings has strong belief in the dynamism of the Asian region and the great potential of the Philippine’s multi-awarded flag carrier.
Shinya Katanozaka, President and CEO of ANA HOLDINGS INC., said: "Asia is a key growth market and we believe Philippine Airlines is in an excellent operational position to capitalize on both the strong uptick in air traffic growth as well as the vibrant, expanding Philippine economy. We look forward to expanding our business relationship with Philippine Airlines so we can continue to serve our passengers even better."
ANA currently operates 14 weekly flights on two routes to the Philippines. In return, Philippine Airlines operates 84 weekly flights on nine routes to Japan. Both carriers are flying these and also domestic routes under a codeshare agreement. Through code-sharing, both carrier link a total of 16 Japanese and 11 Philippine destinations.
Source © ana.co.jp