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| JAL bankruptcy filing confirmed | JAL bankruptcy filing confirmed |
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| Japan Airlines (JAL), Asia's biggest air carrier, has decided to file for bankruptcy protection, reports say. | Japan Airlines (JAL), Asia's biggest air carrier, has decided to file for bankruptcy protection, reports say. |
| All board members also voted to resign, according to Japanese media. Transport Minister Seiji Maehara is due to hold a news conference at 0845 GMT. | |
| A state-backed turnaround organisation has also said it plans to inject about 300bn yen ($3.3bn; £2bn) into JAL. | |
| JAL shares have fallen to an all-time low, valuing the firm at just $150m - less than the price of a new jumbo jet. | JAL shares have fallen to an all-time low, valuing the firm at just $150m - less than the price of a new jumbo jet. |
| Japan's government says flights will continue as normal as JAL begins restructuring under the supervision of the state-backed Enterprise Turnaround Initiative Corporation (ETIC). | |
| JAL was not immediately available for comment. | |
| With debts of $16.5bn, the airline is set to become one of Japan's biggest corporate bankruptcies. | |
| A third of JAL's workforce - more than 15,000 people - are expected to lose their jobs, the BBC's Roland Buerk in Tokyo says. | A third of JAL's workforce - more than 15,000 people - are expected to lose their jobs, the BBC's Roland Buerk in Tokyo says. |
| Banks will have to write off unsecured debt and JAL will receive an injection of taxpayers' money, our correspondent adds. | Banks will have to write off unsecured debt and JAL will receive an injection of taxpayers' money, our correspondent adds. |
| While the turnaround plan backed by the government will see the airline continue to fly, investors in the company are likely to lose most of their money. | While the turnaround plan backed by the government will see the airline continue to fly, investors in the company are likely to lose most of their money. |
| Along with other major global airlines, JAL has been hit hard by falling passenger numbers during the global downturn. | Along with other major global airlines, JAL has been hit hard by falling passenger numbers during the global downturn. |