Statement re. ANA Selects Boe

RNS Number:8072J
All Nippon Airways Co Ld
09 April 2003


                             ANA Selects Boeing 737

                      As Future Narrow Body Aircraft Type


TOKYO, April 9, 2003 --- ANA (All Nippon Airways) has completed an extensive
review of its long-term narrow body aircraft requirements, and has determined
that the Next-Generation Boeing 737 will best meet its goal to reduce operating
costs.


ANA selected the Boeing aircraft for reasons of efficiency and economy, and its
fit with the ANA domestic route network, among other factors.


The decision will lead to the eventual replacement of the present ANA Group
narrow body fleet of 52 aircraft -- 25 Airbus A320s, two Boeing 737-400s and 25
737-500s operated by ANA and Air Nippon (ANK) -- with an estimated 45 Boeing
737s, mainly 737-700s but also including other variants.


CFM56-7 engines manufactured by CFMI, a joint venture of General Electric and
SNECMA of France, will power these aircraft.


This streamlining of the ANA narrow body fleet into a single aircraft type is
expected to begin in fiscal 2005 (April 1, 2005-March 31, 2006), and the
estimated 45 aircraft will result in savings of approximately 6 billion per year
($50.6 million at U.S.$1 = JPY120).


This is a further stage in the plan to cut operating costs.  From fiscal 2003 to
2005 ANA will reduce the number of large wide body aircraft types from four to
three  -- Boeing 747-400s, 777-200s and 300s -- and consolidate medium sized
aircraft types into one -- the Boeing 767-300.  The resultant savings  will be
approximately 10 billion per annum.


ANA will continue to monitor long-term technological developments within the
medium and large sized aircraft market for opportunities to secure even greater
costs savings.


ANA Group airlines currently operate 166 Boeing 747s, 777s, 767s, 737s and
Airbus A320/321 aircraft.


Cost reduction/ fleet streamlining plan


Contact Rob Henderson at [e-mail]


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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