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
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5 (five) Boeing Approximately 109.2
777-200ER aircraft billion yen (*2)F.Y.2012~F.Y.2013
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5 (five) Boeing Approximately 76.0
767-300ER aircraft billion yen (*2)F.Y.2010~F.Y.2011
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*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
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100 North Riverside Chicago,
(2) Location Illinois 60606
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W. James McNerney, Jr.
(Chairman of the Board,
President and Chief
(3) Name and title of representative Executive Officer)
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Manufacture and sale of commercial
airplanes, integrated defense
(4) Description of Business systems, etc.
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(5) Capital US$5,061,000,000
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(6) Date of establishment July 19, 1934
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(7) Net assets US$(1,294,000,000)
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(8) Total assets US$53,779,000,000
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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.
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* Net assets and Total assets are based on US accounting standards
4. Acquisition Schedule
(1) Resolution by the Board of
Directors December 21, 2009
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(2) Conclusion of Contract December 21, 2009
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As stated in "2. Details about the
(3) Dates of Delivery Acquired Assets" above
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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
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Current term
consolidated
performance
forecast (Fiscal
year ending March
31, 2010) 1,260 (20) (45) (28)
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Previous term
consolidated
results (Fiscal
year ended March
31, 2009) 1,392.5 7.5 0 (4.2)
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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)