ANA to boost fleet funds through share offering
All Nippon Airways (ANA) is planning to raise funds for its fleet expansion through a share sale.
The Japanese carrier announced yesterday that it will offer 914 million shares of common stock in an effort to raise JPY200 billion (US$2.5bn). The proceeds of the sale will go towards paying for its order of 55 Boeing 787 Dreamliners.
“Through this offering of new shares… the company is seeking to promote investment in strategic aircraft that have high economic efficiency, chiefly the state-of-the-art Boeing 787s,” ANA said in a statement.
Of the total offering, 414m shares will be sold on the Japanese market and 300m internationally.