ANA targets stakes in Asian airlines

Kyodo

All Nippon Airways Co. plans to take stakes in other Asian carriers to expand its network in the region, President Shinichiro Ito said.

“We will consider investing in airline companies in Asia and related firms if they create potential synergies with our operations,” Ito said in a recent interview.

ANA is expected to use part of the roughly ¥170 billion it raised through a new share offering in July to expand its network in Asia.

After resuming flights to Myanmar in October, Ito said the airline will seek to boost services linking Vietnam, India and Malaysia.