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Posts Tagged ‘Enterprise Turnaround Initiative Corp of Japan’

Japan Airlines files for bankruptcy

January 19th, 2010 | Author:

As expected, Japan Airlines (JAL) has today filed for bankruptcy protection.
The airline, which is Asia’s biggest carrier, has been struggling amid the global economic downturn and has been grappling with a mountain of debts of around $16.5 billion (£10 billion).
The Japanese Government has said that flights will operate as normal and the airline will now [...]

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Bankruptcy protection imminent for Japan Airlines

January 19th, 2010 | Author:

Japan Airlines (JAL) is expected to file for bankruptcy protection today in a move that will see the loss of 15,000 jobs at Asia’s largest carrier.
Shares in the troubled airline have been plummeting over recent days as a bankruptcy filing seemed unavoidable.
Yesterday, shares fell to a fresh low of 5 yen, having fallen as [...]

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Bankruptcy looming for Japan Airlines

January 11th, 2010 | Author:

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 [...]

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JAL shares recover after Government loans deal

January 4th, 2010 | Author:

Shares in troubled Japan Airlines (JAL) soared 31% today after it was revealed that the Japanese Government had asked the state-owned Development Bank of Japan (DBJ) to double JAL’s credit line to JAL to 200 billion yen (£1.4 billion).
The airline has already used 55 billion yen of the 100 billion yen credit line set up [...]

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