Japan Airlines 777-200. Photo: By Rob Finlayson. The Tokyo court handling Japan Airlines' bankruptcy on Tuesday approved the company's restructuring plan calling for the retirement or layoff of more than 16,000 staff by March 31, 2011, the disposal of 103 aircraft and the scrapping of 49 loss-making routes. JAL aims to achieve a profit margin of 9.2% by March 2013 (ATW Daily News, Sept. 1). The restructuring package includes a ¥521.5 billion ($6.2 billion) debt waiver ...

Subscribe to Access this Entire Article

"JAL gains court approval for restructuring plan" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.