ANA Said to Spend $887 Million to Turn Peach Into Subsidiary

ANA Holdings Inc.’s board will meet Friday to consider increasing its stake to a majority holding in Peach Aviation Ltd., a move that would give Japan’s largest airline a bigger foothold in the budget travel market. ANA plans to spend about 100 billion yen to boost its stake to more than 50 percent from about 39 percent, making budget airline Peach a subsidiary, people familiar with the matter said, asking not to be identified because the talks are private.