Progress on Japan Airlines Restructuring Issue
Bankers Concede on Legal Liquidation
January 13, 2010, Tokyo, Japan - A Japan Airline's passenger plane lands at Haneda Airport in Tokyo on Wednesday, January 13, 2010. The Japanese government got JAL's creditor banks to agree to let the carrier file for bankruptcy and undergo court-led rehabilitation, news reports said Tuesday. Meanwhile, the JAL succeeded in securing approval from two-thirds of some 9,000 retirees to have their pensions cut by more than 30 percent. (Photo by AFLO) [1090] -mis-