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Nikkei: JAL to complete court-backed restructuring by Monday

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Nikkei: JAL to complete court-backed restructuring by Monday

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Old Mar 24, 2011, 5:15 pm
  #1  
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Nikkei: JAL to complete court-backed restructuring by Monday

http://www.reuters.com/article/2011/...7EO30A20110324

March 25 - Japan Airlines Corp is expected to complete restructuring its business, under court guidance, on Monday, the Nikkei business daily said.

After filing for bankruptcy protection in January, last year, the airline has tried to turn around, backed by Enterprise Turnaround Initiative Corp of Japan (ETIC), Nikkei said.

..
^ Hopefully the recent disasters don't have too big of an impact on JAL
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Old Mar 28, 2011, 1:34 am
  #2  
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FYI, JAL will hold its monthly press conference at 5pm JST (~30 min from now) and we will probably hear more about this.
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Old Mar 28, 2011, 3:02 am
  #3  
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So I guess it's confirmed?

http://headlines.yahoo.co.jp/hl?a=20...54-san-bus_all

日航、更生手続き完了 3200億円を一括弁済


日本航空は28日、東京地裁から会社更生手続き完了の決定を受けたと発表した。日本政策投資銀行など主要取 引銀行などから受けた約2500億円の追加融資と手元資金と合わせ、破綻後に残っていた約3200億円の更 生債権を一括で弁済した。日航は、裁判所の管理下を離れ、2013年1月までの再上場を目指す。しかし、東 日本大震災の影響で、航空需要は激減する可能性が高く、再建への“空路”は不透明だ。

...
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