Advantage Advisors has invested in StarFlyer through a special purpose vehicle aimed at enhancing the airline's financial and operational capabilities in the post-pandemic market.

Target Company Overview

Advantage Advisors Co., Ltd. (referred to as "the Company") has announced that its fund, AA Fund, has entered into an agreement to invest in preferred shares and stock acquisition rights issued by StarFlyer Inc. (referred to as "StarFlyer") through a special purpose vehicle. Furthermore, the Company has finalized a business partnership contract with StarFlyer, which involves support for demand forecasting, revenue enhancement, cost reduction, and the examination and support of measures aimed at improving organizational foundations.

StarFlyer is an airline established with the vision of becoming a “moving airline” that offers high-quality, value-added services distinguishable from existing carriers. The airline is based at Kitakyushu Airport and primarily operates six domestic routes (Kitakyushu-Haneda, Fukuoka-Haneda, Kansai-Haneda, Yamaguchi-Ube-Haneda, Fukuoka-Chubu, and Kitakyushu-Naha) along with two international routes (Kitakyushu-Taoyuan, Taoyuan (Taiwan) and Chubu-Taoyuan). This robust service offering positions StarFlyer well in the market.

Industry Overview in Japan

The airline industry in Japan has faced significant challenges in recent years, particularly due to the COVID-19 pandemic, which led to a dramatic decline in passenger numbers and financial performance across the sector. However, the indust