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JAL to delay rehabilitation plan until August
Kyodo News
Japan Airlines Corp. said Tuesday it will put off submitting a detailed business turnaround plan to the Tokyo District Court until the end of August because it needs more time to come up with an effective restructuring strategy.
The plan was to have been submitted in late June.
"We will carefully study (the details of the plan) and create a structure that will make the company profitable, and by reflecting this in the plan, we hope it will lead to the revival of the JAL group," JAL President Masaru Onishi said at a news conference................