Airlines
Japan's ANA Plans New Startup Amid Business Transformation
Despite predicting a record net loss in FY2020, Japan-based All Nippon Airways plans to create a new low-cost widebody unit for medium-distance flights.
ANA is planning to launch a low-cost, medium-haul carrier next year using Boeing 787s in a two-class configuration. (Photo: Boeing)
ANA is planning to launch a low-cost, medium-haul carrier next year using Boeing 787s in a two-class configuration. (Photo: Boeing)

Despite predicting a record net loss of $4.8 billion for Fiscal Year 2020 (April 2020 to March 2021), Japan-based All Nippon Airways Holding (ANA) unveiled plans on Tuesday to create a new low-cost widebody unit designed for medium-distance flights to destinations in Southeast Asia, Australia, and New Zealand.