Japanese are famous for their fast trains that are precisely on-time and, as of recently, their airline services. According to records from FlightStats, Japan’s JAL and ANA were named the world’s most on-time airline companies.
Tag Archives: JAL
Japan Airlines goes bankrupt?
Japan Airlines, Asia’s biggest airline, will file for bankruptcy protection today, shortly after Tokyo’s Stock Exchanges closing time.
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Asia’s largest airline cuts pensions to avoid bankruptcy
Asia’s largest airline is threatened to file bankruptcy unless 9,000 former employees are forced to have their payouts cut. This is a result of JPY330 billion yen (USD$3.6 billion) loss that the company suffered in March.
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Japan Airlines to cut 13,000 jobs
According to recent news, Japan Airlines (JAL) is going through some hard times due to the economical downturn and is planning a restructuring. As a result, the company will cut 13,000 jobs by 2015, a number considerably bigger than previously announced. Thus, the working force after the layoffs will reach about 35,000 and the number of subsidiaries will be cut from 120 to 50.