JAL files officially for bankruptcy.
Wednesday, 20th January 2010
Source : 4Hoteliers.com & Sources
The Japanese Government backed a complete overhaul, restructure and rehabilitation plan.

Many International and Domestic flights are expected to be be cut over the next few months.

JAL is also set to change alliance partners to Delta`s sky team from Oneworld, partners are trying to offer JAL incentives to remain in Oneworld.

More information:

JAL says" We're here to stay! www.jal.co.jp/en/other/info2010_0119.html

Commencement Decision of the Reorganization Proceedings and Explanation on Payment Approvals

On January 19, 2010, the Tokyo District Court rendered a decision to commence the reorganization proceedings for Japan Airlines Corporation, Japan Airlines International Co., Ltd., and JAL Capital Co., Ltd.

We obtained the court's approval for the payment of commercial transaction debts and other debts such as lease fees. www.jal.com/en/other/info2010_0119.html
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