ANA Holdings Inc LH Cargo and ANA announce Joint Venture (7000Q)
03 September 2014 - 4:00PM
UK Regulatory
TIDMANA
RNS Number : 7000Q
ANA Holdings Inc
03 September 2014
September 3, 2014
Company Name: ANA HOLDINGS INC.
Representative: Shinichiro Ito, President & CEO
(Code No: 9202 TSE 1st section)
Inquiries: Kazuyuki Imanishi, Director of
General Administration & CSR Promotion
(Tel. 03-6735-1001)
ANA and Lufthansa Cargo obtain antitrust immunity for
Japan-Europe joint venture Wider range of service options by mutual
collaboration benefit customers
All Nippon Airways (ANA), Japan's largest airline, and Lufthansa
Cargo AG, one of the world's leading air cargo carriers, will
launch a strategic air cargo joint venture on routes between Japan
and Europe and vice versa. This is the first worldwide cargo joint
venture of its kind. ANA has received antitrust immunity, i. e.
approval for the joint venture from the Japanese Ministry of Land
Infrastructure and Transport after filing for it in spring 2014. In
addition, the joint venture has been positively assessed by
external counsel for compliance with relevant EU antitrust
regulations.
Now ANA and Lufthansa Cargo can jointly manage activities
covered by the joint venture including network planning, pricing,
sales and handling on all routes between Japan and Europe and vice
versa. Based on a joint contract which shall be signed in the next
weeks, the two carriers aim to introduce the joint approach on
shipments originating from Japan to Europe in winter 2014/2015 and
for shipments from Europe to Japan mid-2015.
The joint venture will benefit customers by generating a greater
selection of routings and a wider range of service options.
Customers will especially profit from a larger and faster network
with more direct flights, more destinations and more frequencies.
By their moving under one roof at major stations, such as the
airports Narita and Nagoya in Japan and Dusseldorf and Frankfurt in
Germany, customers will enjoy the services of both airlines at a
single location.
On the passenger side Lufthansa and ANA build on a longstanding
relationship as both companies are part of the Star Alliance
network, the leading global airline network. Additionally,
Lufthansa and ANA also launched a joint venture in 2012 on routes
between Japan and Europe, allowing the two carriers to bring
substantial benefits to passengers by creating a more efficient and
comprehensive service across their networks. Complementary, with
this new cargo joint venture, ANA Group and Lufthansa Group will
bring their customers even more new values on air transportation
services.
Please refer to the attached PDF for more details.
http://www.rns-pdf.londonstockexchange.com/rns/7000Q_-2014-9-3.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
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