The Japanese government is hinting at the possibility of a merger between the nation’s two largest airlines. This comes just a week after we learned that South Korea’s two largest airlines — Asiana and Korean Air — will be merging.
The government of Japan is preparing to inject capital into the country’s airlines, in particular All Nippon Airways (ANA) and Japan Airlines (JAL). With Japan’s borders mostly closed, it goes without saying that these airlines are bleeding money.
Heizo Takenaka, who served on the Prime Minister’s Growth Strategy Council, has indicated that ANA and JAL will eventually need more support, and suggests that they should become one. Stocks of both airlines shot up following this news.
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