JAL plans to relist on Stock Exchange

Monday, 06 Jan, 2012 0

Japan Airlines is set to relist its shares on the Tokyo Stock Exchange as part of its recovery plans.

If the move goes ahead, it would turn JAL into one of the world’s biggest listed airlines.

The airline was granted a government-backed bailout after filing for bankruptcy in January 2010 with debts of more than £16.1bn.

It came out of bankruptcy last year after cutting about a third of its workforce and reducing its network.



 

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Bev

Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.



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