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    9201   JP3705200008

JAPAN AIRLINES CO., LTD.

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Delayed Japan Exchange  -  02:00 2022-08-16 am EDT
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Japan Airlines : JAL and Matternet to Launch Drone Delivery Business Partnership in Japan; Matternet M2 drone system to be deployed in Tokyo's new drone logistics project and utilized to assess drone delivery healthcare opportunities in Japan

09/25/2020 | 07:45am EDT

Japan Airlines (JAL) and Matternet signed an MOU to assess drone delivery healthcare opportunities and develop a future drone healthcare delivery business in Japan utilizing Matternet's world-leading M2 urban drone logistics platform.

Due to the lack of delivery personnel and the impact of the global pandemic, the necessity to respond to changes in the logistics industry has become more urgent than ever before and the use of drones may help realize automatic, contactless delivery services on remote islands, mountainous areas and even within the city.

Since last year, JAL has been conducting demonstrations on transporting relief supplies through various trials within Japan. Currently, in order to develop logistics services using drones, JAL is studying the feasibility for the commercialization of such services with various companies and hospitals. Through this partnership, Matternet will conduct a joint research project with JAL in Japan, as the company continues to expand its commercial business globally. Further, JAL will consider to deploy the Matternet M2 drone system in the drone logistics business development project of Tokyo to possibly develop a sustainable business model.

Matternet is the leading developer of on-demand, autonomous, urban drone logistics systems for transporting medical items across distributed healthcare networks, providing its technology platform-as-a-service to healthcare and logistics organizations. Matternet has launched successful drone networks around the world and received regulatory approval from the Swiss Federal Office of Civil Aviation (FOCA) and U.S. Federal Aviation Administration (FAA) to conduct fully-autonomous Beyond Line of Sight operations and Flights Over People to transport critical, high-value medical items. To date, Matternet technology has enabled 10,000+ commercial revenue drone flights.

'We are very excited to expand our operations to Asia and partner with JAL to show the incredible impact of drone delivery to Japan's cities, starting with the Tokyo metropolitan area,' said Andreas Raptopoulos, CEO of Matternet. 'Matternet's drone delivery platform enables extremely fast and predictable transport of urgent items and stands to revolutionize how healthcare and e-commerce are delivered in cities and megacities around the world.'

'Japan Airlines is eager to explore the future of its air logistics business with the implementation of drone delivery,' said Tomohiro Nishihata, Japan Airlines' Managing Executive Officer of Innovation. 'We aim to contribute to improving healthcare and solving logistics issues through our partnership with Matternet.'

JAL aims to develop a new type of service in the air transportation industry, utilizing new UAV technology, by delivering the operational platform in New Air mobility and achieve key sustainable development goals.

About Japan Airlines

Japan Airlines (JAL) was founded in 1951 and became the first international airline in Japan. A member of the oneworld alliance, the airline now reaches 430 airports in 66 countries and regions together with its codeshare partners. Awarded as one of the most punctual major international airlines and a certified 5-Star Airline by Skytrax, JAL is committed to providing customers with the highest levels of flight safety and quality in every aspect of its service, and aims to become one of the most preferred and valued airlines in the world.

JAL aims to develop a new type of service in the air transportation industry, utilizing new UAV technology, by delivering medical care and achieving key sustainable development goals.

About Matternet

Matternet has developed best-in-class technology for on-demand, aerial delivery in urban environments. The company provides its technology platform-as-a-service to healthcare and logistics organizations. In March 2017, Matternet became the first company in the world to be authorized for commercial BVLOS operations of drone logistics networks over cities in Switzerland. In March 2019, Matternet and UPS announced a partnership to provide drone delivery services to US healthcare systems, starting with WakeMed Health in NC and most recently at Wake Forest Baptist Health. In October 2019, Matternet's technology enabled the first (full Part 135 Standard certification) FAA-Approved Drone Airline, UPS Flight Forward (USPFF), providing fast expansion to healthcare facilities across the US. To date, Matternet technology has enabled 10,000+ commercial revenue drone flights. For more information about Matternet, please visit: https://mttr.net.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2023 1 251 B 9 317 M 9 317 M
Net income 2023 30 153 M 225 M 225 M
Net Debt 2023 378 B 2 817 M 2 817 M
P/E ratio 2023 35,6x
Yield 2023 0,03%
Capitalization 1 055 B 7 860 M 7 860 M
EV / Sales 2023 1,15x
EV / Sales 2024 0,96x
Nbr of Employees 35 423
Free-Float 94,8%
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Yuji Akasaka Manager-Safety Promotion
Yoshiharu Ueki Manager-Planning
Toshiki Oka Executive Officer & GM-IT Planning
Takahiro Abe Executive Officer & General Manager-Operations
Yuji Saito Executive Officer & GM-Administration
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