ANA and Air Nippon Co. (“ANK”) announced that, in a decision made at the meetings of their respective Boards of Directors held on November 25, 2011, the companies have decided to merge and signed a merger agreement.
In accordance with the ANA Group FY2011-2012 Corporate Strategy, the Company is working to review its Group operating structure. As part of its efforts to improve management efficiency through the maximization of corporate resources, the Company will merge with ANK. This move will enable both the Company and ANK to fully utilize their corporate resources, while building a production structure that can respond with stability and flexibility to future business expansion and changes in the business environment. In addition, by consolidating overlapping duties and functions, the two companies expect to make further progress in streamlining operations.
