Japan Airlines (JAL) has unveiled a new streamlined executive management team, two weeks after it filed for bankruptcy protection.
"With a younger, slimmer top management that is expected to comprehensively draw up and speedily implement effective measures, the JAL Group is determined to achieve a swift revitalisation of the company," says the airline.
The carrier has removed the managing executive officer position from the team, and reduced the number of executive officers by 11, it adds. The changes take effect from 8 February.
JAL filed for bankruptcy protection on 19 January after posting a fiscal second quarter net loss of ¥32.1 billion ($358 billion), and incurred debts of ¥2.3 trillion. The Japanese government has pledged up to ¥900 billion in funds to help JAL restructure.
The airline has appointed Kazuo Inamori as the group chairman, and Masaru Onishi as president. Both assume office today.
"The newly-appointed board members, executive officers, and every employee of the JAL Group will work collectively as one to continue offering customers flights of the highest safety and service levels," says JAL.
Source: Air Transport Intelligence news
