All Nippon Airways’ parent firm ANA Holdings recently acquired the remaining seven percent stake in Osaka-based low-cost carrier Peach Aviation from First Eastern Aviation Holdings in Hong Kong.

The acquisition of the remaining stake means ANA Holdings may now assume full control of the low-cost carrier.

In a statement issued following the acquisition, ANA Holdings’ management said: “As we anticipate a further increase of inbound tourists, the decision to make Peach a wholly owned subsidiary is designed to build on previous growth, strengthen ANA Group’s business portfolio and increase profits. ANA Holdings will continue to actively develop demand to increase inbound tourists, with the goal of attracting 60 million visitors and encouraging regional revitalisation.”

As of press time, the total value of the said acquisition has not been disclosed.

What came before
Peach Aviation was originally incorporated in 2011 as a tripartite joint venture between ANA Holdings, First Eastern Aviation Holdings, and the Innovation Network Corporation of Japan (INCJ), each with a third of the shares.
In 2017, ANA Holdings acquired a majority stake in the airline from the other two shareholders, consolidating the subsidiary, and subsequently buying out first INCJ, and now First Eastern Aviation Holdings.
At present, Peach Aviation’s fleet is made up of 16 A320-200s, 17 A320-200Ns, as well as three A321-200NX(LR)s.