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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).


 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.