Japan probes JAL revival plan

Transport minister says airline's plans to reverse losses are "insufficient".

    Japan Airlines posted a loss of more than $1bn in the April to June quarter of the year [EPA]

    The airline, Asia's largest in terms of sales, plans major cuts to its international and domestic services.

    It also plans to submit further rehabilitation measures to the government by the end of this month.

    Many of the world's major airlines have announced big losses in recent months as traffic volume plunges and firms cut back on business travel.

    According to the International Air Transport Association, the global airline industry could lose $9bn this year as global recession is compounded by the H1N1 virus outbreak.

    Japan's new centre-left government, voted into office earlier this month, has said that it would overhaul the restructuring process set in motion for JAL under the previous government.

    But it has ruled out allowing the airline to collapse.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Many Pentecostal churches in the Niger Delta offer to deliver people from witchcraft and possession - albeit for a fee.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.