Archive for the ‘Bankruptcy’ Category
Bankruptcy looming for Japan Airlines
Troubled Japan Airlines (JAL) is expected to enter bankruptcy proceedings within the next couple of days, according to reports.
It is believed the state-owned Development Bank of Japan has already agreed to the bankruptcy.
The airline, which is Asia’s largest carrier, is grappling with a mountain of debt and it is currently under the watchful eye of [...]
Japanese Government to double credit line for JAL
Struggling Japan Airlines (JAL) has had its credit line doubled to 200 billion yen (£1.3 billion) after an agreement by the Japanese Government today, according to Kyodo news agency.
The extra funding was agreed by Deputy Prime Minister Naoto Kan, Transport Minister Seiji Maehara and other ministers at a meeting this weekend.
A statement said: [...]
Japan Airlines shares hit fresh record low
Shares in troubled Japan Airlines (JAL) plummeted to a fresh low today, losing 24% to 67 yen.
The stock plummeted for a second consecutive day amid reports that the carrier is heading towards bankruptcy under a state restructuring plan.
The airline, which is Asia’s largest carrier, has been struggling amid the global economic downturn which has led [...]
Japan Airlines shares hit record low amid bankruptcy rumours
Shares in troubled Japan Airlines (JAL) plummeted by 11% today to a record low of 85 yen amid reports that the carrier could be forced to file for bankruptcy.
The stock has lost almost 60% of its value this year.
The airline, which is Asia’s largest carrier, has been struggling amid the global economic downturn which [...]