ana holdings inc (ALNPF) Key Developments
Cotchett, Pitre & McCarthy LLP and Hausfeld, LLP Provides Update of Settlement of Class Action Lawsuit Involving Price of Airline Tickets
Mar 9 15
Settlements have been reached with eight airlines in a class action lawsuit involving the price of airline tickets. The Settling Defendants are: Air France; Cathay Pacific; Japan Airlines; Malaysian Airlines; Qantas; Singapore Airlines; Thai Airways; and Vietnam Airlines. The lawsuit continues against five Non-Settling Defendant airlines: Air New Zealand; All Nippon Airways (ANA); China Airlines (Taiwan); EVA Airways; and Philippines Airlines. The lawsuit claims that the Defendants agreed to fix prices on tickets for transpacific air travel. As a result, ticket purchasers may have paid more than was necessary. The Settling Defendants deny the allegations, and deny that they have any liability. The Defendant airlines also deny liability, although ANA has pled guilty to fixing the prices of certain discounted tickets. Purchasers are included if: they bought a ticket for air travel from one of 26 airlines; the ticket included at least one flight segment between the U.S. and Asia or Oceania; and the purchase was made between January 1, 2000 and the present. The Settling Defendants have agreed to pay $39,502,000. Money will not be distributed yet, and will be distributed pursuant to a Plan of Allocation approved by the Court. Class Counsel will pursue the lawsuit against the Non-Settling Defendants.
All Nippon Airways Intends To Participate In Skymark’s Sponsorship
Feb 23 15
ANA Holdings Inc. (TSE:9202) (All Nippon Airways) on February 23, 2015 announced plans to help turn around bankrupt Skymark Airlines Inc (TSE:9204), reportedly joining a string of other firms offering a lifeline to Skymark Airlines. "This morning, we submitted documents to show our intention to participate in the sponsorship (of Skymark), but we can't comment further now," said a spokeswoman for ANA Holdings.
All Nippon Airways Announces Management Changes
Feb 17 15
The All Nippon Airways announced the appointment of Shinya Katanozaka as the new President and Chief Executive Officer (CEO) of the company replacing the incumbent CEO Shinichiro Ito. The newly appointed CEO will assume his responsibility on 1 April, 2015. Regarding the current ANA CEO Shinichiro Ito, he has been named as the new Chairman of the company, effective on 1 April, 2015, to replace Yoji Ohashi. Despite this management reshuffling exercise, Ohashi, who was appointed as the company s Chairman in 2005, will keep working as a Corporate Counselor of ANA Holdings, the parent firm of ANA.
Ana Holdings Announces Executive Changes, Effective April 1, 2015
Feb 13 15
ANA Holdings Inc. announced changes to its board. Shinya Katanozaka, senior executive vice president, will succeed Shinichiro Ito as president and CEO from 1 April 2015 while Mr. Ito will take over from Yoji Ohashi as chairman of the company on the same date. Mr. Katanozaka joined the company in 1979, after graduating from Tokyo University's Faculty of Law. In his 36 years at ANA, Mr. Katanozaka has led a number of the company's major divisions, including corporate planning, marketing & sales, products & services strategy, Customer Satisfaction promotion and personnel. Mr. Ito was appointed President and CEO of ANA in April 2009 and became President and CEO of ANA HD in 2013. Mr. Ohashi, who became Chairman of ANA in April 2005 after previously serving as the company's President and CEO, will continue to act as a Corporate Counselor of ANA HD.
ANA Holdings Orders Seven A321 Aircraft
Feb 4 15
ANA Holdings announced that it has ordered seven more A321 aircraft. The latest agreement brings ANA's total order for the A320 Family to 37 aircraft which will gradually replace its existing single aisle fleet.