Japan Airlines yesterday said it is seeking guidance on a turnaround plan from Enterprise Turnaround Initiative Corp. of Japan, a move that represents a formal first step toward a likely government-backed restructuring. ETIC is a newly created quasi-government entity designed to help rescue struggling companies. JAL said in a statement that it initiated a "preliminary consultation" with ETIC "to decide whether it would support the restructuring of our group." It added that "under" ETIC ...

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