Japan Airlines (JAL) close to bankruptcy-latest updates
The latest news and updates is that Japan Airlines is feared to be close to Bankruptcy. The shares of Japan Airlines touched a record low for the second consecutive day, 24% from Tuesday's price to 67 yen.
The latest news and updates is that Japan Airlines is feared to be close to Bankruptcy. Hirohisa Fuji, Finance Minister had earlier said that the state would not give the airlines any more loans or bail out package. Japan Airlines rivals like American Airlines and Delta are offering it to buy stake in the firm. However a bankruptcy announcement can make a deal more complicated. A state backed fund, The Enterprise Turnaround Initiative Corp had been asked in October to help out JAL. The decision is likely to be taken in January 2010. Japan Airlines has been bailed out by the government 4 times since 2001. Japan Airlines has made loss in 4 of the past 5 years.
Login
 Login through Social ID
|
Not finding what you are looking for? Search here.
