Entries tagged "Japan Airlines Corp."
Japan's transport minister over the weekend pledged not to force Japan Airlines Corp. into bankruptcy and to work with the struggling airline and advisers to map out a restructuring plan in the weeks to come. Seiji Maehara, the transport minister of the new coalition government led by the Democratic Party of Japan, during a news conference reportedly said JAL and its advisers have to "go back to the drawing board," adding that "we will not crush and liquidate" the airline. JAL lost ¥99 billion ($1.2 billion) during the June quarter and is surviving thanks to a ¥60 billion loan...
Japan Airlines, Asia's biggest carrier, wants Development Bank of Japan to extend it $2 billion.
