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.

Japan Asia Airways operates flights between Japan and Taiwan.

Japan Airlines System is a holding company created in October 2002 for Japan Airlines and Japan Air System.