Japan Airlines to File for Bankruptcy

January 18, 2010 /EIN PRESSWIRE/ According to reports, Japan Airlines (JAL) will file for bankruptcy protection Tuesday in an attempt to restructure its $16.5 billion in debt.

At 5 yen per share, the company is virtually worthless, with its market capitalization equivalent to that of one Boeing 787 jet. Read about the biggest corporate failure in Japan’s history at Airline Industry Today:

Latest Japan Airlines news – http://airlines.einnews.com/news/japan-airlines-corporation
Latest Airlines Bankruptcy news – http://airlines.einnews.com/news/airline-bankruptcy

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