ANA Holdings announced that it has signed a memorandum of understanding to make Regional Plus Wings, which owns AIRDO (Air Do) and Solaseed Air, a wholly owned subsidiary through a share exchange.
The share exchange agreement is expected to be concluded in late December, approved at an extraordinary shareholders’ meeting of Regional Plus Wings in late February 2027, and take effect on April 1 of the same year.
ANA Holdings began business alliances with Air Do in 2002 and Solaseed Air in 2005. Since then, it has deepened cooperation through sales coordination via codeshare flights with All Nippon Airways (ANA), procurement support for aircraft and fuel, and outsourced business operations.
For the time being, the Air Do and Solaseed Air brands will be maintained, while the companies advance cooperation and functional integration in areas including business planning, revenue management, procurement, and facility development and maintenance. In the medium term, ANA Holdings will also consider integration under the ANA brand, taking into comprehensive account the value cultivated by each brand, their relationships with local communities, and the impact on safe flight operations.
Regional Plus Wings was established in October 2022 and owns Air Do and Solaseed Air. Its largest shareholder is the Development Bank of Japan, while major shareholders include Miyazaki Kotsu, Sojitz, Hokuyo Bank, Ishiya Seika, and Rakuten Group. ANA Holdings holds a 15.32% stake in its common shares.
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