Tuesday, 19 January 2010

Japan Airlines files for bankruptcy


Japan's top carrier Japan Airlines Corporation (JAL), formally filed for bankruptcy protection...JAL filed for bankruptcy protection with the Tokyo District Court with its liabilities totaling 2.32 trillion yen..Tokyo Stock Exchange has said that the shares of the airline will be delisted soon..The Japanese government is preparing at least 900 billion yen in new equity and credit lines to keep the airline operating while in bankruptcy.

No comments:

Post a Comment