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JAL says new budget aairlines pose no threatDate Posted: 2012-07-27 The Japanese flag carrier says the introduction of budget airline Peach Aviation, covered by competitor All Nippon Airways, the Jetstar Japan entry JAL’s doing together with Australia’s Qantas, and AirAsia Japan, another joint venture between ANA and Malaysia’s AirAsia, will not impact business. JAL, which emerged from bankruptcy last year and racked up profits of $2.3 billion after struggling with $29 billion in debts, says “we don’t expect a tremendous impact from the emergency of these low cost carriers,” JAL President Yoshiharu Ueki says. “The LCC represents a new mode of transportation, and as a result they’ve created a new demand that did not exist in the past,” Ueki says, adding “we are not taking a complacent attitude and we are watching to movement of the LCC market carefully.” Ueki is a former pilot himself. |
   
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