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). Founded in 1970, JAL Logistics provides ...

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