All Nippon Airways Co. President Shinichiro Ito will head the carrier's new holding company to be set up April 1, sources said Monday.

Senior Executive Vice President Osamu Shinobe, 60, will become president of the airline, the sources said, when it is placed under the umbrella of ANA Holdings Inc.

Ito, 62, who assumed ANA's presidency in April 2009, will continue as head of the holding company to deal with troubles involving Boeing 787 planes and other issues facing the airline.

He joined ANA in 1974 after graduating from Kyushu University and served as a senior executive vice president before taking the presidency.

Shinobe took his current post in April 2012 after building his career in the field of aircraft maintenance.

ANA said Monday it will cancel a total of 1,714 flights — 464 international and 1,250 domestic — from March 31 to May 31 due to the global grounding of Boeing 787 Dreamliner jets.

With the plan, the number of ANA flights to be canceled between Jan. 16, when all airlines grounded their 787s, and May 31 will increase to 3,601.