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JAL-Japan Airlines filed for protected bankruptcy
Tokyo, Japan - It will fire 15,600 people and will be put into controlled administration
As expected JAL-Japan Airlines has yesterday started protected bankruptcy procedures, with a US$25 billion action that is one of the largest in the history of Japan. Within the plan the airline will be put into controlled administration, and about 15,600 jobs will be cut. However, JAL will continue to operate (see AVIONEWS). Interventions to save the carrier included de-listing of shares from...
AVIONEWS - World Aeronautical Press Agency - 1113703
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency