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Tuesday, January 19, 2010

Latest JAL development

Here are the latest from Nikkei.com

  1. Suspend 14 international and 17 domestic routes.
  2. CEO Nishimatsu steps down.
  3. JAL liabilities reaches 2.322 trillion yen.
  4. Government will secure enough funding for JAL to ensure normal flight operations.
  5. ETIC will bail out JAL
  6. JAL files for bankruptcy.
  7. JAL stocks will be delisted from Tokyo Stock Exchange on February 20 2010.
  8. JAL and ETIC will hold press conference at 19:30 Japan Time. 
  9. ETIC press release can be found here (in Japanese)

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