ANA and Rakuten to Start Joint Venture Domestic Travel Company.Tokyo, Japan, July 12, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - ANA and Rakuten, Inc, the company behind Rakuten Shopping Mall, the busiest online shopping destination for Japanese consumers, announced at a press conference today that the two companies will establish a joint venture company to provide online travel services to the general public, on August 1 this year. The new company, called Rakuten ANA Travel On-line, will provide packages that customers put together themselves, combining any of ANA's 900 daily flights with a choice of 20,000 lodgings LODGINGS. Habitation in another's house, in which the owner dwells; the occupier being termed a lodger. , car rental and other services, provided by Rakuten Travel, Inc and ANA Sales Co Ltd, ANA's tour operator subsidiary. Both ANA and Rakuten groups enjoy the number one share in their respective markets: ANA is the largest domestic airline in Japan for passengers carried, and Rakuten has the largest share of online domestic accommodation bookings. The new travel packages will be branded 'ANA Raku Pack' ('raku' meaning 'easy' or 'fun' in Japanese), and will be sold through the Rakuten Travel website from October this year. ANA and Rakuten first joined forces in July 2004 with a joint loyalty programme allowing ANA Mileage MILEAGE. A compensation allowed by law to officers, for their trouble and expenses in travelling on public business. 2. The mileage allowed to members of congress, is eight dollars for every twenty miles of estimated distance, by the most usual roads, from his Club (AMC (Advanced Mezzanine Card) See AdvancedTCA. ) members to earn mileage using the Rakuten site, and members of the Rakuten Super Point Programme to earn points while flying ANA. In this new development both companies will provide a variety of travel products on a single site that customers can build according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. their individual needs and budget, in a move aimed at making the travel process ever more simple and convenient. Outline of the New Joint Venture Company
1) Name Rakuten ANA Travel Online Co Ltd
2) Field of Operation Travel services
3) Date of Establishment August 1, 2006
4) Capital 90 million yen
5) Total Investment 700 million yen
6) Investors Rakuten, Inc (Rakuten) 50%
All Nippon Airways Co. Ltd (ANA) 40%
ANA Sales Co. Ltd (ANA Sales) 10%
7) Directors To be appointed by both ANA and Rakuten
8) Executives ANA Group 3
Rakuten Group 3
9) No of Employees 10
10) Head Office Ark Yagi Hills, Roppongi 1-8-7
Minato-ku, Tokyo
(Rakuten Travel head office address)
About All Nippon Airways airways Anatomy The 'pipes'–trachea, bronchi, bronchioles–through which air passes to and from the alveoli. See Small airways. Co., Ltd. All Nippon Airways, or ANA (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 9202), came into existence in 1952, and over 50 years later is now one of the 10 largest airlines in the world, carrying with its sister companies almost 50 million passengers every year to 49 destinations in Japan, and to 22 overseas cities in Asia, Europe and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . As a member of Star Alliance, the world's foremost airline alliance, ANA passengers enjoy access to a network of over 790 airport destinations in 138 countries, and reciprocal Bilateral; two-sided; mutual; interchanged. Reciprocal obligations are duties owed by one individual to another and vice versa. A reciprocal contract is one in which the parties enter into mutual agreements. benefits such as mileage accrual accrual, n continually recurring short-term liabilities. Examples are accrued wages, taxes, and interest. and redemption, and lounge access. For more information, please visit www.ana.co.jp. About Rakuten, Inc. Rakuten, Inc. (TSE: 4755) is primarily involved in the operation of an Internet shopping mall website. Rakuten Market (online shopping) accounted for 96% of revenues in fiscal 2000 and Other Internet-related services, 4%. Source: All Nippon Airways Co., Ltd.Rakuten, Inc. Contact: ANA Public Relations Tel: +81 (3) 6735 1111 Rakuten Public Relations Tel: +81 (3) 4523 1104 E-mail: pr@rakuten.co.jp Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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