17 Feb '12, 11am

Japan's ANA to boost international service

Japan's ANA to boost international service

TOKYO: Japan's All Nippon Airways (ANA) on Friday said it would aim to boost its international capacity by 22 percent within two years and begin fresh routes as part of a new business strategy. The carrier, the first to fly Boeing's new 787 Dreamliner late last year, said the plan for fiscal 2012-2013 was "designed to strengthen ANA against a backdrop of global economic uncertainty, the ongoing sovereign debt crisis in the eurozone, high oil prices and fluctuating foreign exchange rates". It also comes as it faces tough competition from a growing budget sector and days after an announcement by rival Japan Airlines (JAL) that it would buy more Dreamliners to build on its recovery from bankruptcy. On Wednesday JAL said it would buy 10 new Dreamliners -- to add to an existing order for 35 of the planes -- as part of a five-year capital expenditure plan worth more than six bil...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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