ANA President and CEO Shinichiro Ito questioned whether public aid for bankrupt Japan Airlines distorts Japan's competitive environment. Testifying before a government committee, Ito said JAL's turnaround program is progressing "haphazardly," according to a Nikkei report. JAL is receiving around Â¥900 billion (US$9.6 billion) in government support to ensure its survival as it navigates through a court-monitored bankruptcy restructuring. … [Read more...] about ANA boss complains about government support for JAL
JAL
Japan Airlines pulls plug on freighter ops
Japan Airlines (JAL), which is undergoing government-mandated restructuring after entering bankruptcy in January, has said it will drop out of the freighter business by October, opting instead to utilise the belly cargo capacity of its passenger network which offers three times as much total cargo capacity as its freighter services. The decision means JAL's fleet of six B747 freighters and three B767 wide-body freighters will be sold or parked. ''We decided to move to a model where we can make … [Read more...] about Japan Airlines pulls plug on freighter ops
NYK/JAL negotiations end, JAL may exit cargo
Nippon Yusen Kabushiki Kaisha (NYK) and Japan Airlines International (JAL) have officially ended negotiations around a possible merger of the cargo businesses of JAL and NYK's subsidiary, Nippon Cargo Airlines (NCA). The negotiations involved the restructuring and the feasibility of a potential merger of the cargo business of JAL and NCA. Both parties said they have reached an amicable conclusion to end the negotiations because the structure of the merger could not be organised within the scope … [Read more...] about NYK/JAL negotiations end, JAL may exit cargo
JAL succumbs to bankruptcy
The axe has finally fallen at Japan Airlines (JAL) with the beleagured carrier filing for court-protected bankruptcy and turning to Japan’s state-owned Enterprise Turnaround Initiative Corporation (ETIC) for restructuring support. In one of Japan's biggest corporate failures, JAL applied for protection from creditors under the Corporate Rehabilitation Law — Japan's version of the US' Chapter 11 — with the Tokyo District Court. ETIC has confirmed that it will … [Read more...] about JAL succumbs to bankruptcy
JAL cuts 16 routes, turnaround plan next year
Trougled carrier Japan Airlines (JAL) will discontinue a total of 16 routes starting next month as part of its own efforts to reduce operating costs and cut losses, Dow Jones reported. The airline said it will cut eight international passenger routes, mainly to destinations in Asia. A further eight domestic passenger routes will be discontinued, including short-haul flights like Tokyo to Kobe, as well as one cargo route. JAL also said it will downsize the aircraft used on a further five routes. … [Read more...] about JAL cuts 16 routes, turnaround plan next year
JAL code shares with Vietnam Airlines
Japan Airlines (JAL) will start code sharing on flights operated by Vietnam Airlines (VN) between Fukuoka and Hanoi from 27 October, JAL said. Vietnam's sustained high economic growth has continued to attract many foreign investments including from Japanese enterprises, and as a tourist destination, has also been gaining popularity for its unique heritage, art and culture. To meet the rising demand for both business and leisure travel, JAL has been expanding its reach to Vietnam. … [Read more...] about JAL code shares with Vietnam Airlines
