Japan Airlines continues to pare down its portfolio of subsidiaries as it refocuses on its core activities in advance of submitting its official reorganization plan in court by the end of this month. Yesterday it announced it will sell 90% of its stakes in JAL Sky Kansai Co., JAL Ground Service Kansai Co. and JAL Ground Support Kansai Co. to Konoike Transport Co. by way of a stock transfer agreement. In the midst of restructuring under Japan's Corporate Rehabilitation Law, JAL ...

Subscribe to Access this Entire Article

"Restructuring JAL to sell three ground service subsidiaries" 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.