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JAPAN PRESS: Debt-ridden Japan Airlines Corp.

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chickenvestor   Tuesday, 06/15/10 05:22:06 AM
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JAPAN PRESS: Debt-ridden Japan Airlines Corp.
Jun, 14, 2010 09:02 PM - Need to Know News
JAPAN PRESS: Debt-ridden Japan Airlines Corp. told its main lender banks that it expects to be slugged with more than Y1 trln in restructuring costs stemming from massive staff reductions and the disposal of ageing aircraft, the Nikkei reports. It expects Y700 billion in profit from debt waivers. JAL and the banks must now decide how much of that expense and profit should be booked for when, the report says.

http://www.poten.com/NewsDetails.aspx?id=10447379



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