AIRDO CO., SOLASEED AIR TO SET UP HOLDING COMPANY IN OCT. 2022

Highlights –

• Airdo Co., Solaseed Air to set up holding company in Oct. 2022.
• To improve finances, they will reduce costs through joint aircraft maintenance and procurement of supplies.
• They have no plans to cut jobs and expect their balance of payments positions to improve.
• The two airlines have accepted capital injections from the DBJ and ANA Holdings Inc.