Japanese Transport Minister Seiji Maehara said Friday that the government-backed Enterprise Turnaround Initiative Corp. of Japan will announce Japan Airlines' restructuring plan on Tuesday, while the troubled carrier tapped into an emergency credit line to allow it to maintain operations in the meantime. ETIC is widely expected to announce a turnaround plan that will include JAL's filing for bankruptcy under Japan's Corporate Rehabilitation Law (ATWOnline, Jan. 15). A bankruptcy filing is ...

Subscribe to Access this Entire Article

"Japanese transport minister: JAL restructuring plan to be announced Tuesday" 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.