Japan Airlines President Haruka Nishimatsu yesterday told former employees that the company's pension benefits must be cut significantly to enable it to become sustainable long-term. Troubled JAL is attempting to enter into a government-backed restructuring and is negotiating with Delta Air Lines and American Airlines about one of those carriers potentially taking a stake (ATWOnline, Nov. 19). Its pension funding deficit, estimated to be more than ¥300 billion ($3.37 billion), is making ...

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