Japan Airlines 747-400. Photo: Roger Payne. Japan Airlines, in the midst of a bankruptcy restructuring, announced it will sell its 79.6% stake in JAL Hotels and additionally will merge four sales subsidiaries into one unit. The JAL Hotels' shares will be acquired by Hotel Okura under terms of a stock transfer agreement reached Friday. JAL is aiming the complete the transaction by the end of next month. Financial terms were not disclosed. "There has been intense ...

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