JAL shares tumble as bankruptcy worries mount

  @ibtimes on

Shares of Japan Airlines Corp <9205.T> fell 9.4 percent on Tuesday on growing concerns the struggling carrier could be put through bankruptcy court as part of a state bailout.

Sources have told Reuters that a state-backed turnaround fund now weighing whether to bail out JAL is considering using a bankruptcy procedure similar to Chapter 11 in the United States as part of its revival plan.

Shares of JAL were down 9 yen at 87 yen by the midday break in Tokyo. The benchmark Nikkei average <.N225> was down 0.1 percent.

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video