Japan Airlines yesterday filed for bankruptcy protection in Tokyo under Japan's Corporate Rehabilitation Law, initiating a restructuring process that it said will include major cost cuts and structural changes with the aim of returning to profitability by March 2012. Both the airline and the Japanese government insisted the carrier will continue operating normally as it goes through the court-monitored proceeding (ATWOnline, Jan. 18). The government-backed Enterprise Turnaround Initiative ...

Subscribe to Access this Entire Article

"Japan Airlines files for bankruptcy with debt exceeding $25 billion" 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.

Already registered? here.