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Morgan Stanley becomes Japan Airlines majority shareholder

Tokyo, Japan - The carrier is trying a financial relaunch

Morgan Stanley business bank has become the first shareholder of Japan Airlines, ending an operation which lets it control 5.78% of the Japanese national carrier’s capital. JAL management is currently trying to relaunch the airline, which closed in the red for the second consecutive fiscal year. Several security incidents, tensions between employees and management and rising fuel costs caused thousand y...

AVIONEWS - World Aeronautical Press Agency - 144784

AVIONEWS - World Aeronautical Press Agency
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