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  • December 06, 2010

JAL Group Announces Merger of Subsidiaries JALPAK and JAL TOURS

Tokyo, December 6, 2010:JAL Group (JAL) announced today that its subsidiary travel companies - JALPAK Co., Ltd. (JALPAK) and JAL TOURS Co., Ltd. (JAL TOURS) will officially merge from April 1, 2011, subject to the approval of the stockholders of both companies. The new entity will retain the name of JALPAK Co., Ltd.

 

The JAL Group has radically scaled back its business operations and reviewed the structure of its sales systems with the goal of establishing a lean and resilient structure that can withstand changes in the business environment in order to achieve a successful revitalization as early as possible. Besides strengthening the foundation of its management and improving efficiency, the merger between JALPAK and JAL TOURS also brings down the fence that separates the product development of domestic and international tour packages, allowing the new JALPAK to offer a wider range of innovative products and to implement new, more effective sales techniques.

 

Company profiles:

 

Company name:

JALPAK Co., Ltd (Name of merged entity)

JAL TOURS Co., Ltd.

Main business:

Development and sale of overseas travel products

Development and sale of domestic travel products

Date of establishment:

April 4, 1969

April 1, 2003

Paid-in capital:

900 million yen

80 million yen

Representative:

President & CEO: Makoto Onishi

President: Makoto Onishi

Number of employees:

310

363

Company address:

NRE Tennozu Bldg., 2-4-11 Higashi-Shinagawa Shinagawa-ku, Tokyo, Japan 140-0002  

NRE Tennozu Bldg., 2-4-11 Higashi-Shinagawa Shinagawa-ku, Tokyo, Japan 140-0002  

Revenue for FY2009:

70.4 billion yen

117.4 billion yen

Stockholders and percentage of stakes held

Japan Airlines International (77.79%)

61 other travel service companies (22.21%)

Japan Airlines International (80.44%)

73 other travel service companies (19.56%)

 

END

 

 

20101206 - JAL Group Announces Merger of Subsidiaries JALPAK and JAL TOURS_FINAL.pdf

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