The Japanese government has decided to put a state-backed turnaround body in charge of the revitalisation of Japan Airlines, the Nikkei business daily said on Sunday, underlining the government's deeper involvement in the process.
Japan's government has begun looking into special legislation to deal with the restructuring of struggling Japan Airlines Corp, the Yomiuri newspaper reported on Saturday.
Japan's Nikkei stock average edged up 0.2 percent on Friday, with construction machinery shares rising on hopes for China's economy and Kirin Holdings (2503.T) gaining ground on a brokerage upgrade.
Liabilities at Japan Airlines Corp would exceed its assets by as much as $8.8 billion if Asia's largest airline by revenues were liquidated, a source with direct knowledge of the matter said on Friday.
U.S. aerospace giant Boeing Co estimates northeast Asia will need about 1,200 airplanes worth about $190 billion over the next 20 years, a senior company executive said on Thursday.
Japan Airlines' net loss may balloon to about 500 billion yen ($5.5 billion) for the year to March as the heavily indebted carrier, Asia's largest by revenue, plans to book hefty restructuring charges, the Yomiuri newspaper reported on Thursday.
Japan Airlines' (JAL) net loss may balloon to about 500 billion yen ($5.5 billion) for the year to next March as the struggling carrier, Asia's largest by revenue, plans to book hefty restructuring charges, the Yomiuri newspaper reported on Thursday.
A government-appointed task force crafting a revival plan for Japan Airlines cut its debt relief request to 250 billion yen ($2.8 billion) from 300 billion, but creditors still rejected the plan, two sources said.
Creditors of Japan Airlines Corp have rejected the struggling carrier's restructuring plan and are pushing for a cut in debt waivers and details of the use of state funds, a source familiar with the matter said.
Japan Airlines Corp shares slid 12 percent to a record low on Friday as investors suggested bankruptcy may be an option for Asia's biggest airline by revenue, even as the government again pledged to support the troubled carrier.
Japan Airlines Corp plans to ask creditors for 250 billion yen ($2.8 billion) worth of debt forgiveness and debt-for-equity swaps and will also seek 150 billion yen in capital, a source familiar with the matter said.
Japan Airlines Corp (JAL) plans to put on hold tie-up talks it has been holding separately with Delta Air Lines and AMR Corp's American Airlines, Japan's Kyodo news agency reported on Monday.
Japan's prime minister and transport minister said on Wednesday the government was ready to support Japan Airlines Corp, aiming to dispel worries over the viability of the loss-making carrier.
A government task force set up to help revive Japan Airlines Corp said on Friday it would review the carrier's turnaround plans from scratch and that splitting it into good and bad parts was an option.
Japan Airlines Corp's lenders may approach the Japanese government for a drastic overhaul of the struggling air carrier, including a move to separate its profitable operations from money-losing segments, the Nikkei business daily reported without citing sources.
American Airlines will team up with British Airways and Qantas Airways to bolster cash-strapped Japan Airlines, two sources said, aiming to fight off a rival offer from Delta Air Lines.
American Airlines will team up with British Airways and Qantas Airways to offer cash-strapped Japan Airlines fresh capital and expanded business ties, two sources said, aiming to fight off a rival offer from Delta Air Lines .
Airlines are at last beginning to fill vacant business-class seats in a sign that a slump in cross-border trade is easing, an industry body said on Thursday.
Japan Airlines Corp is likely to opt for a tie-up with Delta Air Lines Inc or AMR Corp's American Airlines, among rivals seeking to invest in the loss-making carrier, if Japan and the United States can reach an open skies agreement.
Air France-KLM is in talks to invest in Japan Airlines Corp , a source familiar with the matter said, as rival suitors seek a stake in the loss-making carrier to access its China and other Asian routes.
Air France-KLM is in talks to inject hundreds of millions of dollars into Japan Airlines, a source familiar with the matter said, joining a list of suitors seeking a minority stake in the loss-making Japanese carrier to gain access to its route network. Delta Air Lines and American Airlines are in separate 'early stage' talks with Japan's carrier.
Air France-KLM is in talks with Japan Airlines to form an alliance by injecting a few hundred million dollars and taking a minority stake in the struggling carrier, a source familiar with the matter said.
