Japan Airlines on Tuesday unveiled a more radical restructuring plan than expected, calling for the retirement or layoff of more than 16,000 staff by March 31, 2011, as well as the disposal of 103 aircraft and the scrapping of 49 loss-making routes.
Japan Airlines 767. Photo: Courtesy, Boeing. Japan Airlines on Tuesday unveiled a more radical restructuring plan than expected, calling for the retirement or layoff of more than 16,000 staff by March 31, 2011, as well as the disposal of 103 aircraft and the scrapping of 49 loss-making routes. The company outlined its ambitious reorganization plan aimed at achieving a profit margin of 9.2% by March 2013 in a filing with the Tokyo court overseeing its bankruptcy case under ...
Subscribe to Access this Entire Article
"JAL files aggressive restructuring plan; 16,000 workers, 103 aircraft to be cut by March 2011" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
