SOURCE: All Nippon Airways

December 21, 2009 04:42 ET

ALL NIPPON AIRWAYS CO., LTD.: Notification of Acquisition of Fixed Assets (Aircraft)

TOKYO--(Marketwire - December 21, 2009) - The Company would like to announce the resolution passed at the Extraordinary Board Meeting held on December 21, 2009 as follows.

1. Details about the Acquired Assets

                                                    Time of Delivery of
Details of the Assets    Catalog Price (yen) (*1)         Aircraft
------------------------ ------------------------ ------------------------
5 (five) Boeing            Approximately 109.2
 777-200ER aircraft           billion yen          (*2)F.Y.2012~F.Y.2013
------------------------ ------------------------ ------------------------
5 (five) Boeing            Approximately 76.0
 767-300ER aircraft           billion yen          (*2)F.Y.2010~F.Y.2011
------------------------ ------------------------ ------------------------

*1 Exchange rate: 95 yen = 1 US dollar

*2 Fiscal Year: April 1, to March 31,

2. Reason for the Acquisition

Acquisition of aircraft based on the Fleet Strategy of the Company.

3. Overview of the Other Party to the Contract

(1) Company Name                        The Boeing Company
--- ----------------------------------- ----------------------------------
                                        100 North Riverside Chicago,
(2) Location                            Illinois 60606
--- ----------------------------------- ----------------------------------
                                        W. James McNerney, Jr.
                                        (Chairman of the Board,
                                        President and Chief
(3) Name and title of representative    Executive Officer)
--- ----------------------------------- ----------------------------------
                                        Manufacture and sale of commercial
                                        airplanes, integrated defense
(4) Description of Business             systems, etc.
--- ----------------------------------- ----------------------------------
(5) Capital                             US$5,061,000,000
--- ----------------------------------- ----------------------------------
(6) Date of establishment               July 19, 1934
--- ----------------------------------- ----------------------------------
(7) Net assets                          US$(1,294,000,000)
--- ----------------------------------- ----------------------------------
(8) Total assets                        US$53,779,000,000
--- ----------------------------------- ----------------------------------
                                        It is a major supplier of the
                                        Company's aircraft, with which the
                                        Company has no financial or
(9) The relationship with the Company   personal transactions.
--- ----------------------------------- ----------------------------------

* Net assets and Total assets are based on US accounting standards

4. Acquisition Schedule

(1) Resolution by the Board of
    Directors                           December 21, 2009
--- ----------------------------------- -----------------------------------
(2) Conclusion of Contract              December 21, 2009
--- ----------------------------------- -----------------------------------
                                        As stated in "2. Details about the
(3) Dates of Delivery                   Acquired Assets" above
--- ----------------------------------- -----------------------------------

5. Future Outlook

This acquisition is carried out in accordance with the Fleet Strategy of the Company group, which is to rationalize the fleet to more efficient types.

There will be no impact on the performance forecast for the fiscal year ending March 31, 2010.


(Reference) Consolidated Performance Forecast (Announced October 30, 2009) and Previous Term Consolidated Results

(Units: billion yen)

                                                       (Units: billion yen)

                                                                    Net
                     Operating     Operating       Recurring       (Loss)
                      Revenues   (Loss) Income   (Loss) Profit     Income
                     ----------- --------------  --------------  ---------
Current term
 consolidated
 performance
 forecast (Fiscal
 year ending March
 31, 2010)                 1,260            (20)            (45)       (28)
                     ----------- --------------  --------------  ---------
Previous term
 consolidated
 results (Fiscal
 year ended March
 31, 2009)               1,392.5            7.5               0       (4.2)
                     ----------- --------------  --------------  ---------

Contact Information

  • ALL NIPPON AIRWAYS CO., LTD.
    President and CEO:
    Shinichiro Ito
    (Code number: 9202,)
    Contact:
    Director, General Administration
    Tomoyuki Kotsuji
    (TEL: 03-6735-1001)