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
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...on its future alliance decision
...on the Japanese airline sector