Press Release

March 13,2020
Peach Aviation Limited

Announcement Regarding the Change ofRepresentative Director and CEO・・Shinichi Inoue, who has been the Representative Director and CEO since the inception,
will resign on March 31, and become the Member of the Board, Senior Executive Vice
President of All Nippon Airways Co., Ltd.
Deputy CEO, Takeaki Mori, will become the new Representative Director and CEO from
April 1

Osaka, March 13, 2020 - Peach Aviation Limited (“Peach”) announce the informal decision of theretirement of Representative Director and CEO, Shinichi Inoue, effective March 31, 2020. Deputy CEO,Takeaki Mori, will become the new Representative Director and CEO from April 1, 2020. *1.
On March 1, 2012, just one year after its inception, Peach started its domestic service with three aircraft
as the first LCC in Japan, and two months later, in May, started its international service.
Since then, Peach has been promoting the value of LCC based on the idea of becoming the “FlyingTrain.” Its endeavor to create demand had led to the expansion of domestic and international services.
March 1, 2020 marks the eighth anniversary of its first flight. Peach now operates 33 aircraft on 21
domestic and 18 international routes. Approximately 20,000 passengers fly Peach every day*2.
Shinichi Inoue has been serving as the Representative Director and CEO of Peach since inception. “Noone thought LCC would succeed in Japan. But, 35 million passengers have been on board in the lasteight years since the company started. Now LCC has become a common method of transportation inJapan. The past eight years has been a continuous challenge. We owe our success to our customersand partners who have supported us from the beginning as well as our passionate and dedicatedemployees,” he said.
Shinichi Inoue will be appointed to the Member of the Board, Senior Executive Vice President of All
Nippon Airways Co., Ltd.
Our goal is to become the bridge that connects Asia. We will continue to be a growing company while
treating safety as our utmost priority.
*1 Will be officially elected at the board meeting held on March 26*2 Includes flights that are currently being suspended due to the Novel Coronavirus.

<Reference Material>
Company Outline (as of March 1, 2020)
Company Name:

Peach Aviation Limited

Representative Director and CEO: Shinichi Inoue
Number of Employees:

1,654 (excluding temporary and transferred employees)

Number of Routes:

21 domestic and 18 international routes (total of 39)

Number of Cities Served:

14 domestic and 6 international cities

Number and Type of Aircraft Used: 33, Airbus A320-200
Annual Number of Passengers Carried: Approximately 8,150,000**Total number of passengers carried by Peach and Vanilla Air in Fiscal Year 2018 (Approximetly
5,517,000 for Peach and approximately 2,635,000 for Vanilla Air). Peach integrated with Vanilla
Air on November 1,2019.
Corporate History:

Please refer to the attached sheet

Financial Results:

Please refer to the attached sheet

Aircraft Deliveries

Please refer to the attached sheet

<Reference Material>

Corporate History

2011
Feb. 10

Founded as A&F Aviation Limited

Mar. 31

INCJ joined the shareholder group

May. 24

Announced new corporate brand name, “Peach” and relocation ofregistered address

July. 7

Obtained Air Operator ’s Certificate from Japan’s Civil Aviation Bureau(JCAB)

Nov. 4First aircraft received in Toulouse, France, purchased from Airbus

Nov. 10First aircraft arrived at Kansai AirportNov. 30

Capital increase by ANA, First Eastern and INCJ

Dec. 15

Announced Airfare for the first two domestic routes

Dec 27

Commencement of tickets sales

2012
Mar. 1Mar. 25

Launched first commercial flight
Osaka (Kansai) - Sapporo (New-Chitose) route,Osaka (Kansai) - Fukuoka route
Launched Osaka (Kansai) - Nagasaki routeApr. 1

Launched Osaka (Kansai) - Kagoshima routeMay. 8

Launched first international flight
Osaka (Kansai) - Seoul (Incheon) routeJul. 1

Launched Osaka (Kansai) - Hong Kong route

Oct. 16

Launched Osaka (Kansai) - Taipei (Taoyuan) route

Oct. 18

Launched Osaka (Kansai) - Okinawa (Naha) routeNov. 29

Total number of passengers reached 1 million

2013
Mar. 1

Total number of passengers reached 1.5 million

Apr. 12

Launched Osaka (Kansai) - Sendai routeMay. 7

Total number of passengers reached 2 million

Jun. 14

Launched Osaka (Kansai) - Ishigaki route

Sept. 13
Sept. 17

Launched Okinawa (Naha) - Ishigaki route,Osaka (Kansai) - Busan route
Total number of passengers reached 3 million

Sept. 20

Launched Okinawa (Naha) - Taipei (Taoyuan)

Oct. 27

Launched Osaka (Kansai) - Tokyo (Narita) route<Reference Material>
2014
Jan. 18

Launched Osaka (Kansai) - Kaohsiung routeFeb. 1

Launched Osaka (Kansai) - Matsuyama routeApr. 28

Total number of passengers reached 5 million
Launched Okinawa (Naha) – Fukuoka routeJul. 19

Opened new base at Naha Airport

Aug. 14

Total number of passengers reached 6 million

Nov. 24

Total number of passengers reached 7 million

2015
Feb. 21

Launched Okinawa (Naha) - Hong Kong routeMar. 29
Aug. 6

Launched Tokyo (Narita) - Sapporo (New-Chitose),Tokyo (Narita) - Fukuoka route
Number of Passengers Exceeds 10 Million

Aug. 28

Launched Tokyo (Haneda) - Taipei (Taoyuan) route; Peach was thefirst Japanese LCC launched service to/ from Haneda Airport
Launched Osaka (Kansai) - Miyazaki route

Sept. 4

Launch Okinawa (Naha) - Seoul (Incheon) route

Oct. 22

Nov. 24

Obtained Continued Airworthiness Certification for all aircraft; Peach was thefastest airline in Japan to obtain its certification
Awarded “Best Low Cost Carrier in North & East Asia” at Future Travel
Experience Asia Expo 2015
Awarded CAPA “2015 Asia Pacific LCC of the year”

2016
Feb. 6

Launched Tokyo (Haneda) - Seoul (Incheon) routeFeb. 20

Launched Tokyo (Narita) - Okinawa (Naha) routeNov. 1

Launched Osaka (Kansai) - Shanghai (Pudong) routeNov. 2

Launched Tokyo (Haneda) - Shanghai (Pudong) routeAug. 8

Nov. 18

<Reference Material>
2017
Feb. 19

Launched Okinawa (Naha) - Bangkok (Suvarnabhumi) routeAug. 20

Total number of passengers reached 20 million
Sendai - Sapporo (New-Chitose) route
Sapporo (New-Chitose) - Fukuoka route

Sept. 24

Sapporo (New-Chitose) -Taipei (Taoyuan) route
Opened new base at Sendai Airport

Sept. 25

Sendai - Taipei (Taoyuan) route2018
Mar. 1

Launched Osaka (Kansai) - Niigata routeApr. 26

Launched Okinawa (Naha) - Kaohsiung routeAug. 1

Launched Osaka (Kansai) - Kushiro route

Dec. 17

Opened new base at New-Chitose Airport

2019

Apr. 25

Designated as “Designated Domestic Air Carrier” by the Minister of Land,
Infrastructure, Transport, and Tourism; Peach was the first LCC to receive
designation in Japan.
Launched Sapporo (New-Chitose) - Seoul (Incheon) routeJun. 1

Re-opened Tokyo (Narita) - Okinawa (Naha) routeJun. 20

Number of Passengers Exceeds 30 Million

Jun. 28

Re-opened Okinawa (Naha) - Hong Kong route

Sept. 1

Re-opened Tokyo (Narita) - Sapporo (New-Chitose) route

Oct. 1

Launched Tokyo (Narita) - Amami route

Oct. 27

Launched Tokyo (Narita) - Taipei (Taoyuan) route,Tokyo (Narita) - Kaohsiung route
Opened new base at Narita Airport

Nov. 1Peach Completed Integration with Vanilla Air

Apr. 17

Launched Fukuoka - Taipei (Taoyuan) routeNov. 25
Dec. 26

Opened new base at Fukuoka Airport
Launched Osaka (Kansai) - Amami route,Tokyo (Narita) - Ishigaki route2020
Mar .29

Scheduled to launch Tokyo (Narita) - Nagasaki route,Tokyo (Narita) – Kagoshima route<Reference Material>

Financial Results<Profit and Loss Statement>
・ Achieved a surplus for the first time in FY2013. Since then, achieving increase in revenue andoperating surplus for sixth consecutive term・ Cleared accumulated losses（Yens in million）
Account item

FY2013

FY2014FY2015FY2016FY2017FY2018Operating income

30,59537,14147,93951,70954,74060,409Operating profit

2,007

2,865

6,181

6,302

5,793

4,136

Ordinary profit

1,710

1,596

4,759

5,387

5,677

3,641

Current net profit

1,046

1,068

2,744

4,944

3,728

△193

Ordinary profit raio

6.6%

7.7%

12.9%

12.2%

10.6%

6.8%

Aircraft Deliveries
Aircraft registration No.

Date

Aircraft registration No.

Date

JA801P※1

Nov. ,2011

JA819P

June. ,2017※1

Dec. ,2011

JA820P

Dec. ,2017※1

JA803P

Feb. ,2012

JA821P

July. ,2018

JA804P

June. ,2012

JA822P

Dec. ,2018

JA805P

Oct. ,2012

JA823P

Dec. ,2018

JA806P

Nov. ,2012

JA824P

Mar. ,2019

JA807PJan. ,2013

JA825P

Apr. ,2019

JA808P
JA809P

Apr. ,2013
June. ,2013

JA827P
JA828P

May. ,2019
July. ,2019

JA810P

Aug. ,2013

JA04VA※2July. ,2019

JA811P

Dec. ,2013

JA826P

Sep. ,2019

JA812P

Mar. ,2014

JA13VA※2Sep. ,2019

JA813P

June. ,2014※2Nov. ,2019

JA814P

Nov. ,2014※2Nov. ,2019※2Dec. ,2019

JA802P

JA06VA
JA07VA

JA815P

June. ,2015

JA11VA

JA816P

July. ,2015

JA14VA※2Jan. ,2020

JA817P

Nov. ,2015※2Feb. ,2020※2Feb. ,2020

JA818P

Oct. ,2016

JA09VA
JA15VA*1: Retired Aircraft*2：Aircraft initially owned by Vanilla Air and converted to Peach’s aircraft