JAL restructuring plan under state-backed fund

2010-01-20 09:03:37 GMT SINA.com TOKYO, Jan 19 - Japan Airlines Corp has filed for bankruptcy and will be restructured with the help of a state-backed turnaround fund, the Enterprise Turnaround Initiative Corp of Japan .

JAL to resume operations as Japan govt pledges support

2010-01-20 08:42:10 GMT SINA.com KUALA LUMPUR, Jan 19 -- The government of Japan (GOJ) will give the necessary support for Japan Airlines (JAL) until the completion of its rehabilitation, said its Minister for Land, Infrastructure, Transport and Tourism, Seiji Maehara.

Restructuring looms as JAL board backs bankruptcy

2010-01-20 08:38:23 GMT SINA.com TOKYO (Reuters) – Japan Airlines Corp's (9205.T) board voted to file for bankruptcy protection on Tuesday, media reported, a move that will see it slash 15,000 jobs and replace aging planes to survive an industry beset by volatile fuel costs and fickle flyers.

JAL files for US$25 billion bankruptcy, to cut 15,700 jobs

2010-01-20 08:33:56 GMT SINA.com TOKYO – Japan Airlines Corp (9205.T) filed for bankruptcy protection on Tuesday owing more than $25 billion, and vowed to slash 15,700 jobs in an effort to survive in an industry hit by volatile fuel costs and fickle flyers.

JAL shares sink on eve of expected bankruptcy filing

2010-01-20 08:45:26 GMT SINA.com TOKYO (AFP) – Japan Airlines shares plunged to an all-time low of just five US cents Monday on the eve of an expected bankruptcy filing by the carrier that could be one of the biggest in Japan in recent decades.

Bankrupt JAL scrambles to reassure passengers

2010-01-20 08:40:25 GMT SINA.com TOKYO (AFP) – Japan Airlines sought to reassure the travelling public Wednesday that it will keep flying despite declaring bankruptcy as its share price dropped to a new record low of just two US cents.

World stocks fall amid JAL bankruptcy, US earnings

2010-01-20 08:36:21 GMT SINA.com HONG KONG – World stock markets were mostly lower Tuesday as Japan Airlines filed for bankruptcy in one of the nation's largest corporate failures and investors awaited a batch of earnings from major U.S. companies.

Japan Airlines collapse costs 16,000 Jobs

2010-01-19 15:01:00 GMT SINA.com Japan Airlines is to slash about 15,700 jobs and receive a £6.7bn lifeline as part of turnaround efforts after filing for bankruptcy protection. Skip related content

Asia the prize, not JAL, in Delta-American fight

2010-01-20 08:31:10 GMT SINA.com ATLANTA – Japan Airlines isn't the real prize in the fight between Delta Air Lines and American Airlines over who gets to partner with the troubled carrier.

Can Japan Airlines restructure after bankruptcy?

2010-01-20 08:29:03 GMT SINA.com Months of speculation came to an end on Tuesday afternoon as Japan Airlines (JAL), the country's 59-year-old flagship carrier that once symbolized the strength of Japan Inc., filed for bankruptcy with two of its subsidiaries. Weighted by debts estimated at $25.6 billion (2.3 trillion yen), Japan Airlines Corp., Japan Airlines International and JAL Capital made history today as what is perhaps Japan's largest nonfinancial corporate failure. With a long record of unprofitable earnings, the airline has taken a hit from weak travel demand after SARS and H1N1, fuel surcharges and the global recession.