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Monday, January 11, 2010

JAL likely to undergo some form of court-led restructuring

Japan Airlines (JAL) is said to undergo some form of court-led restructuring similar to a Chapter 11 filing in the US. JAL is seeking government support to keep it flying amidst debts. It is also reported that the Japanese government will issue a statement to countries where JAL has operations to guarantee public support for its national carrier.

Will JAL offer knock-down prices on air tickets to boost volume of passengers?

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