Edition:
India

Maki Shiraki

UPDATE 1-Japan's ANA plans share issue after board meeting as early as next week -sources

20 Nov 2020

TOKYO, Nov 21 Japan's ANA Holdings Inc plans to issue new shares following a board meeting as early as next week, two sources said, a move that would see it raise around $1.9 billion to bolster its balance sheet.

Japan's Mitsubishi Heavy asks other companies to take on idle workers: sources

28 Oct 2020

TOKYO Mitsubishi Heavy Industries (MHI) said it has asked several other companies to temporarily employ idle workers from its factories in central Japan in a bid to cut costs and weather a downturn from the COVID-19 pandemic, two sources told Reuters.

Japan's Mitsubishi Heavy to freeze development of SpaceJet regional jet: sources

23 Oct 2020

TOKYO Mitsubishi Heavy Industries will freeze development of its SpaceJet regional jet as the COVID-19 pandemic squeezes finances and erodes prospects for Japan's first passenger aircraft in half a century, two sources said.

CORRECTED-UPDATE 2-Japan's Mitsubishi Heavy to freeze development of SpaceJet regional jet - sources

22 Oct 2020

TOKYO, Oct 22 Mitsubishi Heavy Industries will freeze development of its SpaceJet regional jet as the COVID-19 pandemic squeezes finances and erodes prospects for Japan's first passenger aircraft in half a century, two sources said.

Japan's ANA to add budget carrier to loyalty programme as leisure demand outperforms-sources

22 Oct 2020

TOKYO, Oct 22 ANA Holdings Inc will allow customers to redeem frequent flyer miles on its budget carrier Peach as it weighs boosting the proportion of domestic flights flown by the low-cost airline, three sources familiar with the matter said.

Hit by pandemic, Japan's ANA to suffer $4.8 billion net loss this year - source

21 Oct 2020

TOKYO Japanese airline operator ANA Holdings is expected to suffer a net loss of around 500 billion yen ($4.8 billion) for the fiscal year to March after the COVID-19 pandemic battered travel demand, a source with direct knowledge said on Wednesday.

Mitsubishi Motors to cut 500-600 jobs to reduce costs: sources

26 Sep 2020

TOKYO Mitsubishi Motors Corp will seek voluntary retirement from 500 to 600 employees, mostly in management, in Japan from mid-November to cut costs, two sources familiar with the matter told Reuters on Saturday.

Mitsubishi Motors to cut 500-600 jobs to reduce costs-sources

26 Sep 2020

TOKYO, Sept 26 Mitsubishi Motors Corp will seek voluntary retirement from 500 to 600 employees, mostly in management, in Japan from mid-November to cut costs, two sources familiar with the matter told Reuters on Saturday.

Olympics sponsors in limbo as year-end contract expiration looms - sources

08 Sep 2020

TOKYO Tokyo 2020 Olympics organisers have not extended sponsors' contracts set to expire at the end of the year, sources said, leaving some questioning whether to continue after COVID-19 forced a delay of the world's largest sporting event.

Olympics sponsors in limbo as year-end contract expiration looms: sources

08 Sep 2020

TOKYO Tokyo 2020 Olympics organisers have not extended sponsors' contracts set to expire at the end of the year, sources said, leaving some questioning whether to continue after COVID-19 forced a delay of the world's largest sporting event.

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