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The chief of ANA Holdings Inc. on Monday pledged to implement company-wide reforms in response to reduced demand during the coronavirus pandemic, with the airline industry expecting a long-term downturn due to government travel restrictions.

Speaking at a general shareholders’ meeting in Tokyo, ANA President and CEO Shinya Katanozaka remained confident the company can start to grow once again, saying, “For a revival in the world economy, the aviation business is essential.”

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