Japan Airlines says to set up low-cost carrier

TOKYO (Reuters) – Japan Airlines Co Ltd (JAL) (9201.T) said on Monday it would set up a low-cost carrier offering medium to long-haul flights.

The logo of Japan Airlines (JAL) is seen on the tail fin of the company’s airplane, at a Haneda Airport hangar in Tokyo, Japan April 3, 2017. REUTERS/Toru Hanai – RC177FEA07F0

The new airline will be based at Narita International Airport and will offer flights to Asia, Europe and the Americas, JAL said in a statement.

Budget flights have been slow to take off in Japan, which is dominated by full-service carriers JAL and ANA Holdings Inc (9202.T) and has a sophisticated high-speed rail network, but with growing numbers of Asia travelers taking to the air the two Japanese airlines are looking to expand their low-cost offerings.

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