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    9201   JP3705200008

JAPAN AIRLINES CO., LTD.

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Malaysia Airlines and Japan Airlines Deepen Joint Business Partnership with Expanded Codeshare Routes

06/23/2022 | 10:35am EDT

KLIA - Malaysia Airlines and Japan Airlines (JAL) are pleased to expand their codeshare operations following Malaysia Airlines' recent announcement to launch new direct flights from Kuala Lumpur to Tokyo, Haneda beginning on 14 August 2022. This significant move reaffirmed the strategic Joint Business partnership entered into by both oneworld Alliance members in July 2020, to better serve the customers and facilitate trade between Malaysia and Japan.

Starting 14 August 2022, the codeshare will be expanded to Kuala Lumpur - Haneda route with the introduction of JAL codeshare on the flights operated by Malaysia Airlines. Customers from Malaysia, ASEAN, Australasia, and South Asia flying with Malaysia Airlines to Haneda will be able to book and connect to a greater scope of Japanese domestic destinations, including Osaka, Fukuoka, Nagoya, Sapporo, Okinawa and connect further to international destinations within North America.

Malaysia Airlines will operate flights between Kuala Lumpur International Airport (KUL) and Haneda Airport (HND) via MH36 (JL7097) departing KUL at 2:45 pm local time, and MH37 (JL7096) departing HND at 12:25 am local time. The twice-weekly service will be operated by A330-300 aircraft, equipped with 290 seats, comprising 27 seats in Business Class, 16 Economy with extra legroom, and 247 seats in Economy Class.

Group Chief Executive Officer of Malaysia Airlines, Captain Izham Ismail, said, 'As a national carrier, this expansion signifies a strong relationship and cooperation between the oneworld alliance partners, catalytic to further economy growth, supporting business and trade between the two countries and facilitating the capacity recovery to pre-pandemic levels.

This new critical step in our Joint Business partnership with Japan Airlines will allow us to provide seamless connections to our customers, enhanced products and offerings while establishing KUL as a prominent hub in Southeast Asia region for travel into Malaysia and beyond.'

We welcome the timely announcement by Japan's government to open their borders to international tourists starting June on restricted conditions and looking forward to progressive travel restriction relaxation from time to time.'

The expanded codeshare will further enhance the customer experience on flights, offering more convenient and flexible itineraries. Customers departing from Haneda to Kuala Lumpur can drop off their baggage five (5) hours before departure at the dedicated 'Early Check-In' counter in Haneda Airport after performing kiosk check-in or Web Check-In on JAL or Malaysia Airlines' website.

Additionally, customers departing from Kuala Lumpur to Haneda can continue to enjoy the existing service of early check-in via web or at kiosk and drop off their baggage five (5) hours before departure. These services offered at both airports will allow customers to enjoy last-minute shopping or other activities while they explore the airport prior to departure from both countries.

Yuji Akasaka, President of Japan Airlines, said, 'We are pleased to strengthen our Joint Business

partnership with Malaysia Airlines through this new codeshare operation. As one of the busiest airports in Asia, Haneda is not only conveniently located in the heart of Tokyo but is also a gateway to numerous domestic destinations in Japan and countries around the world. As we head towards a recovery in travel demand, we look forward to working closely with Malaysia Airlines to welcome our passengers with our highest standards in hospitality.'

Through shared common best practices and responsibilities, MH and JAL will enhance and complement one another to offer the best travel experience via JAL's recognised precision in service and offerings, as well as MH's signature Malaysian Hospitality. MH and JAL are also committed to upholding the best standards in aircraft safety and hygiene protocols to protect their passengers and personnel, in line with the significant shift in consumer expectations on air travel in the new COVID-19 era.

For more information and to book your flight to and from Haneda, visit the official Malaysia Airlines website at http://www.malaysiaairlines.com or https://www.jal.co.jp/my/en/. Malaysia Airlines welcomes customers to sign up as an Enrich member at www.enrich.malaysiaairlines.com to start earning Enrich Points and be sure to download the Malaysia Airlines' App to get the latest promotions conveniently at your fingertips anytime and anywhere!

Ends-

About Malaysia Airlines

Malaysia Airlines is the national carrier of Malaysia, offering the best way to fly to, from and around Malaysia.

Malaysia Airlines carries up to 40,000 guests daily on memorable journeys inspired by Malaysia's diverse

richness. Malaysia Airlines embodies the incredible diversity of Malaysia, capturing its rich traditions, cultures and cuisines via its inimitable Malaysian Hospitality across all customer touch points.

Since September 2015, the airline has been owned and operated by Malaysia Airlines Berhad. It is part of the Malaysia Aviation Group (MAG), a global aviation organisation that comprises of different aviation business portfolios aimed at serving Malaysian air travel needs. Via our alliance with oneworld, Malaysia Airlines offers superior connectivity with seamless journeys to 1,000 destinations across 150 plus countries, and access to over 650 airport lounges worldwide. For more information, please visit http://www.malaysiaairlines.com

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For media queries to Malaysia Airlines, please send email to: media@malaysiaairlines.com

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 441 cities in more than 60 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 safety and quality in every aspect of its service and aims to become one of the most preferred and valued airlines in the world.

For media queries to Japan Airlines, please send email to: mediarelations.hdq@jal.com

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 684 B 5 035 M 5 035 M
Net income 2022 -176 143 M -1 297 M -1 297 M
Net Debt 2022 354 B 2 607 M 2 607 M
P/E ratio 2022 -5,76x
Yield 2022 -
Capitalization 1 017 B 7 497 M 7 494 M
EV / Sales 2022 2,01x
EV / Sales 2023 1,14x
Nbr of Employees 35 423
Free-Float 94,8%
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Number of Analysts 11
Last Close Price 2 328,00 JPY
Average target price 2 668,18 JPY
Spread / Average Target 14,6%
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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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