This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
JAL agrees to sell logistics subsidiary
Japan Airlines said Monday it reached a stock transfer agreement with Hamakyorex, which owns and manages cargo distribution centers, to sell the company its 72% stake in JAL Logistics. The move is part of JAL's continuing effort "to achieve a swift and fundamental reform" via its ongoing bankruptcy reorganization process. Selling off subsidiaries is a key plank of its aggressive restructuring plan (ATW Daily News, Sept. 1).