Home' Asian Aviation : AAV June 2011 Contents 24 AsianAviation | JUNE 2011
ETIC said in 2010 that it may apply to sell shares in
JAL by March 2012, although its own regulations permit
it to work with the airline until January 2013.
Perhaps in an e ort to remind others of its former
glory, the restructured airline has also re-adopted the
crane livery that it used during the mid-1980s, a time
when it was the world's largest airline for international
tra c. Analysts now say that they doubt the carrier
will grow back to its former scale, focusing instead on
expansion through alliances.
JAL's partnership with American covers ten trans-
Paci c routes, including Tokyo -New York and Beijing-
Chicago. e alliance is expected to increase sales and
cut costs, generating a bene t of about US$150 million
a year for the partners, American has said.
Onishi said in January that the airline is interested
in pursuing similar partnerships with other members
of Oneworld, which includes carriers such as British
Airways, Qantas, Royal Jordanian and LAN.
By December 2010, JAL had cut 14,500 jobs from its
workforce, with a nal target of 16,000. e airline had
closed and sold some businesses, o ering some employees
early retirement. Meanwhile, creditors including
Mitsubishi UFJ Financial Group, Mizuho Financial
Group and Development Bank of Japan agreed to forgive
552 billion yen of debt.
With all these steps in place, the carrier posted a record
operating pro t for the year ended 31 March, totalling
188.4 billion yen, or US$2.33 billion, compared with
a loss of US$1.65 billion a year earlier. JAL admitted,
however, that it had made a loss during April as a result
of the earthquake.
e operating pro t was almost triple the carrier's target
of US$791 million, speci ed in the rehabilitation plan,
helped by exchange-rate gains with the strengthening yen
and lower-than-expected fuel costs.
Still, operating revenue fell 9 percent to S$16.81
billion, but exceeded the US$16.81 billion target.
For the current business year, the carrier's turnaround
plan calls for group operating revenue of 1.223 trillion
yen and operating pro t of 75.7 billion yen. However,
Inamori told reporters in Tokyo that the airline may fall
"considerably" short of the revenue target,
while still meeting the operating pro t goal.
While JAL has been struggling back
to its feet, rival ANA has been pursuing
growth plans as it prepares to launch its
new low-cost unit in 2012 and to begin
787 operations later this year, a er multiple
delays to the aircra 's development.
Boeing and ANA issued a statement on
26 May, clarifying how the companies would
co-operate to prove the 787's readiness to
enter commercial ser vice. Operations will
be simulated across several airports in Japan,
using the manufacturer's second ight-test
aircra , ZA002.
e validation is scheduled to take place
the week of 4 July, Boeing says. Destinations expected to
be covered include Tokyo's Haneda Airport, along with
airports in Osaka (both Itami and Kansai), Okayama and
" is will be the 787's maiden appearance in Japan,"
Boeing said. ANA has 55 of the twin-aisle twinjets on
order, which it plans to deploy across its route network.
e aircra "is an integral part of ANA's strateg y to
strengthen its position and support its growth and
expansion plans," the manufacturer added.
Smoothing the way
"ANA is eager to introduce the innovative 787
Dreamliner to Japan," said Shinichiro Ito, the company's
president and chief executive. "Giving our employees the
opportunity to gain experience with the airplane will
help ensure a smoother entry into service later this year."
According to Scott Fancher, Boeing's vice-president
and general manager of the 787 programme, the tests will
"prove out [the aircra 's] capabilities and reliability in a
ANA maintenance crews will also practice
maintenance and servicing of the 787 during the
validation. is will include typical ground ser vicing
activities, t checks of airplane jacks and maintenance
hangar stands, towing and refuelling and other routine
Similar ser vice-ready validations have been conducted
with great success on previous Boeing programs,
including the 777, 737NG and 757-300, Boeing says.
e manufacturer says it now plans to deliver the rst
787 to ANA "in the August to September timeframe".
e airline revealed more details of its plan for a new
low-cost unit in February, saying that the new carrier will
operate a eet of ve single-aisle aircra in its rst year,
with the goal of expanding to 15-20 within ve years.
ANA is considering both the Boeing 737 and the Airbus
A320, but has made no decision yet.
e new carrier will be based in Osaka, and will begin
ights to as many as four domestic and four international
destinations in its rst twelve months.
e yet-to -be-named LCC will be a joint venture with
Hong Kong's First Investment Group. ANA will take a
39 percent stake, while First Investment will hold 33.3
percent. e rest will go to other Japanese investors.
First Eastern Chairman Victor Chu has previously
said the airline is committed to leasing 10 narrowody
aircra , with the rst to be delivered in September,
although ANA declines to con rm this.
In late April, ANA said resurgent demand and cost-
"ANA is eager to introduce the innovative 787 Dreamliner to
Japan." -- ANA President and CEO Shinichiro Ito
Japan Airlines has now retired the last of its
747s, focusing on smaller aircraft.
ANA will take delivery of its first 787 in the
August-September timeframe, Boeing says.
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