JAL files for bankruptcy

Japan Airlines filed for bankruptcy today in one of the country’s largest corporate failures.

JAL files for bankruptcy
Tue, 19 Jan, 2010 - 10:59

Japan Airlines filed for bankruptcy today in one of the country’s largest corporate failures.

Asia’s biggest carrier by revenue, staggering under a $25.6bn (€17.9bn) dollar debt mountain, applied for protection from creditors with the Tokyo District Court.

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CourtsBusinessHeathrowPlace: AsiaPerson: Transport MinisterPerson: Seiji MaeharaPerson: presidentPerson: Haruka NishimatsuPerson: Kazuo InamoriEvent: Second World WarOrganisation: JALOrganisation: Japan airlinesOrganisation: Tokyo District CourtOrganisation: Tokyo Stock ExchangeOrganisation: KyoceraOrganisation: KDDIOrganisation: TokyoOrganisation: Enterprise Turnaround Initiative Corp.Organisation: JapanOrganisation: All Nippon Airways
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