Press Release

Tokyo, September 16: Japan Airlines and Malev Hungarian Airlines (MA) have inaugurated a code sharing agreement which will come into effect on October 30, 2005, subject to government approval. The agreement allows JAL to place its flight numbers on specified daily intra European round trip flights operated by Malev between Frankfurt and Budapest. This network expansion will provide JAL passengers with the option of daily services between Japan and Hungary, as the new code share flights will provide smooth connections with JAL's existing daily service between Tokyo and Frankfurt.

Established in 1946, Malev Hungarian Airlines is the national air carrier of the Republic of Hungary and is ranked as one of the leading airlines in the Central-Eastern European region. In addition to its domestic Hungary routes, Malev serves 34 countries worldwide and 42 cities. Flight operations for the new code share flights will be handled by Malev Boeing 737 aircraft and crews. www.malev.hu/bp/eng/index.asp

The new code share agreement will strengthen JAL's international passenger network in Europe increasing to 23 the number of European cities served by the airline. The agreement will offer passengers better travel options and more convenience, and contribute greatly to the exchange of culture, goods and people between Japan and Hungary. In Eastern Europe JAL already offers daily services to both the Czech Republic and Poland.

According to figures from the Hungarian Ministry of Foreign Affairs, in 2004 Japan's exports to Hungary amounted to 1.82 billion US dollars and imports were about 321.8 million US dollars. Furthermore the value of Japanese direct investments in Hungary is estimated at around 2 billion US dollars. The main area of Japanese investment in Hungary is in manufacturing, in particular, the assembly of vehicles, production of parts, and assembly of electronic goods for home and entertainment uses. Additionally, some 100,000 Japanese tourists visit Hungary each year.

Including passenger and cargo code-share agreements and frequent flier tie-ups, the new code share agreement with Malev Hungarian Airlines increases to 28 the number of airlines with which JAL has bilateral partnerships.

Tickets for this new code share are expected to go on sale in the middle of October.

*The above schedules may be subject to change.

* The above schedule and aircraft type are valid from October 30,2005.

About Japan Airlines: Asia's biggest airline group, Japan Airlines ranks third in the world in terms of total sales revenues, is the sixth largest airline group in the world in terms of passengers carried and eighth in the world in terms of traffic performance (revenue ton kilometers).

Originally founded in 1951 for domestic operations, JAL launched international services in February 1954. Today, JAL Group airlines serve 208 airports in 35 countries and territories, including 61 airports in Japan. The Group network extends over 227 international passenger routes and 36 international cargo routes. The JAL Group domestic network covers 166 routes (as of April 2005). Altogether, the 10* airlines of the JAL Group make a total of nearly 1,200 flights a day on domestic and international routes.

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For further information contact: geoffrey.tudor@jal.com / stephen.pearlman@jal.com

Telephone: 81-3-5460-3109 / Fax: 81-3-5769-6487/ www.jal.com/en/corporate/