• SHARE

Japan Airlines System Corp. said Thursday it will raise its stake in Japan Asia Airways to 100 percent from the current 90.5 percent on April 1 through an equity swap deal.

In the deal, one share in Japan Airlines System will be exchanged for 18.33 shares in Japan Asia Airways, Japan Airlines System said in a press release.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW