JAL Headed For Bankruptcy As Partnership Discussions Continue

摘要

Japan Airlines could file for the Japanese equivalent ofnChapter 11 bankruptcy protection as early as next week,nand may also cut its work force by up to 30% over thennext three years under a state agency turnaround plan.nThe job cuts were reported by Kyodo News and thennewspaper Asahi as part of a planned restructuring,nand various wire services and publications, such as ThenWall Street Journal, cited media reports or sources closento the negotiations yesterday as saying cash offers fromnDelta and American will be rejected. That decision is beingnmade by the agency in charge of the restructuring.nHowever, the reports say that partnership discussionsnwith the two American carriers continue in earnest.