TOKYO — All Nippon Airways will delay the delivery of aircraft as Japan’s largest airline makes moves to soften the financial blow from the coronavirus, President and CEO Shinya Katanozaka said in an interview with Nikkei.
The global outbreak has closed international borders and has essentially grounded the airline industry as whole. To ride out the turbulence, parent company ANA Holdings will engage in aggressive cost-cutting measures supplemented by relief funds, he said.
“What is key is self-support,” Katanozaka said. “We’ll postpone receipt of aircraft and cut executive pay, among other measures. We pay most of the aircraft purchasing cost