ArchivesTag : japan airlines

Japan Airlines goes bankrupt?

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Japan Airlines, Asia’s biggest airline, will file for bankruptcy protection today, shortly after Tokyo’s Stock Exchanges closing time.

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Delta & Japan Airlines to join the Far East Alliance

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The Sky Team grouping of airlines that is headed by Delta Air Lines volunteered a helping hand to Japan Airlines (JAL) which equals to $1bn (£600m). According to Delta, cash assets were proffered to Japan Airlines in case it quitted from the One World Alliance where American Airlines was the member of it.

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Asia’s largest airline cuts pensions to avoid bankruptcy

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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

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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 [...]

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Japan Airlines requesting bail-out

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Strongly hit by the economical recession, Japan Airlines (JAL) asked the government for a bail-out to help them survive. The company’s president, Haruka Nishimatsu, also proposed a drastic restructuring of its operations after meeting with Japan’s minister of transportation. Reorganization already started as Japan Airlines cut 6,800 jobs.

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