In the biggest airline bankruptcy since the fallout from 9/11 claimed Northwest Airlines and Delta Air Lines, Japan Airlines on 19 January succumbed to the weight of its ¥2.3 trillion ($25.2 billion) debt and filed for bankruptcy protection. It is continuing to operate as it undergoes a financial restructuring plan led by a government-backed body.
JAL hopes to emerge from bankruptcy protection as a radically transformed operation built around a fleet renewed from "low-efficiency large aircraft to high-efficiency small aircraft". For more on this story click here.
More on JAL...
...on its restructuring efforts
JAL secures ¥145 billion loan
Japan picks veteran industrialist as new JAL CEO
JAL receives approval from retirees for pension cuts
Management in line of fire as flag carrier crash lands - story from the FT
...on its future alliance decision
Will JAL pick an alliance by February?
American sweetens JAL assistance package
Open skies to fuel Japan-US pacts
Comment: American's Agenda
...on the Japanese airline sector
JAL woes point to Pacific upheaval
Japanese carriers feel the heat
See our interview with JAL chief Haruka Nishimatsu when he took over the carrier in 2007
Blog: Will JAL pick an alliance partner by February?