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Japan Airlines Co Ltd (OTC:JPNRF) will acquire 42 new aircraft from Boeing Company (NYSE:BA) and Airbus SE (OTC:EADSY) as part of its fleet renewal plan.
The Tokyo-based carrier disclosed its plans to purchase 21 Airbus A350-900 aircraft from Airbus, along with 11 A321neo aircraft and 10 Boeing 787-9 aircraft.
The decision is seen as a strategic move to fortify JAL’s international operations, particularly focusing on growth regions like North America, Asia, and India.
On international routes, the airlines will introduce an additional 20 Airbus A350-900 aircraft and plans to add 10 Boeing 787-9 aircraft to its existing fleet of over 50 Boeing 787 series aircraft.
The new additions, set to be integrated over a six-year period, starting in fiscal 2027. By 2030, Japan Airlines aims to expand and grow its full-service carriers and low-cost carriers (LCCs) by about 1.4 times.
On domestic routes, JAL will introduce 21 Boeing 737-8 aircraft to replace its current Boeing 737-800 fleet, starting from 2026.
In order to update its existing fleet of medium-sized Boeing 767 aircraft, JAL has decided to introduce 11 Airbus A321neo aircraft, marking the first-time introduction of Airbus A321neo aircraft for JAL.
JAL has also decided to introduce one additional Airbus A350-900 as a replacement for the A350-900 aircraft that was lost in January 2024.
Price Action: BA shares traded higher by 1.02% at $189.69 premarket Thursday.
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