ED
Japan Airlines Rehabilitation Plan Tokyo District Court approves
November 30, 2010, Tokyo, Japan - Kazuo Inamori, chairman of Japan Airlines, speaks during a news conference at its head office in Tokyo on Tuesday, November 30, 2010. JAL won court approval Tuesday for its rehabilitation plan and entered a new phase toward its rebirth. The plan includes a \521.5 billion debt waiver from its creditors, a reduction of about 16,000 jobs, or some 30 percent of the JAL group's combined workforce, termination of 45 unprofitable domestic and international routes, and retirement of 103 aircraft. (Photo by AFLO) [3609] -mis-
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10683253
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License type
Editorial
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Creation date
01-12-2010
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