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Sunday, September 20, 2009

JAL CEO is summoned by the new Transport Minister

The new Japan Transport Minister Seiji Maehara will summon Japan Airlines CEO Haruka Nishimatsu on Thursday. Nishimatsu will present JAL restructuring plan (again).

Maehara dismiss the expert panel set up by the previous minister so HE can get involved with the restructuring...This is why JAL CEO has to explain the plan over and over again...

According to Nikkei.com

Besides Nishimatsu and other senior officials of JAL, personnel from the Development Bank of Japan and the vice minister of the Ministry of Land, Infrastructure, Transport and Tourism are expected to attend the meeting.

...

JAL is set to stipulate in the plan that it will lay off some 6,800 group employees between fiscal 2009 and 2011, eliminate a total of 50 domestic and international routes and withdraw its flights from seven airports in the country.

This is the first time I have heard about 50 routes being eliminated. According to JAL website, there are 429 routes (including code sharing ones) in JAL network (cargo + passenger). Eliminating 50 of them is roughly 11.7% of its network. I guess the number (percentage-wise) matches the ones seen in all those rumor reports :(

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