All Nippon Airways (ANA) president Shinichiro Ito said the carrier is targeting annual sales of between JPY150 billion and JPY200 billion (USD1.8 billion and USD2.5 billion) in five years from its LCC subsidiaries launching in 2012, acccording the The Nikkei reports. AirAsia Japan "will add five or six planes to its fleet each year, bringing the total to 25-30 aircraft in fiscal 2016," Mr Ito noted, adding that while the LCCs will "take away some of ANA's customers, they will contribute to group earnings". Peach Aviation, meanwhile, launched operations on 01-Mar-2012. [more - CAPA Blog]
ANA expects LCC subsidiaries to achieve annual sales of USD1.8bn to USD2.5b in five years
You may also be interested in the following articles...
LCC CEOs to lead discussions at CAPA North Asia LCC Summit, Tokyo, Jun-7/8-2016
Leaders of North Asia’s low cost carriers (LCCs) will gather in Narita on Jun-7/8 for CAPA’s North Asia LCC Summit.
Hosted by Narita Airport, the Summit marks 12 years of CAPA’s flagship series of LCC events in Asia and marks CAPA’s second return to Japan.
Featuring over 40 speakers, including senior executives from all of North Asia's LCCs, and with simultaneous translation in English, Japanese, Korean and Mandarin, the Summit will explore the commercial drivers for LCC growth in this region, as the market opens.
North Asia has yet to experience the rapid expansion of LCCs that has occurred in Southeast Asia - but that is changing quickly.
Vanilla Air launches Taipei 5th freedom base, becoming first major Japanese LCC in SE Asia: VIDEO
Vanilla Air was born out of the crisis of All Nippon Airways and AirAsia dissolving their JV airline – AirAsia Japan. ANA took 100% ownership and, for strategic value and pride, swiftly re-launched the airline. It was a tall challenge, so Vanilla Air's existence has been fragile. Now that Vanilla has found a segment and formed an identity externally and internally, it is looking to assert itself. As announced at CAPA's Jun-2016 LCCs in North Asia Summit, Vanilla Air plans to be the first Japanese LCC to have a major presence in Southeast Asia. Vanilla plans to overcome the geography and narrowbody aircraft range restrictions between Japan and Southeast Asia by operating fifth freedom flights from Taipei, made possible by Japan's open skies agreements with Taiwan and most Southeast Asian markets. Its first Southeast Asian service will be a daily flight from Taipei to Ho Chi Minh, the largest Southeast Asian market from Taipei after Singapore, and strategically important for ANA.