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| Version 6 | Version 7 |
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| JAL bankruptcy filing confirmed | JAL bankruptcy filing confirmed |
| (30 minutes later) | |
| Japan Airlines (JAL), Asia's biggest air carrier, has filed for bankruptcy protection, in one of the country's biggest corporate failures. | Japan Airlines (JAL), Asia's biggest air carrier, has filed for bankruptcy protection, in one of the country's biggest corporate failures. |
| Some 15,000 jobs are expected to be cut. All board members have also voted to resign, according to Japanese media. | Some 15,000 jobs are expected to be cut. All board members have also voted to resign, according to Japanese media. |
| A state-backed turnaround organisation has said it plans to inject about 300bn yen ($3.3bn; £2bn) into JAL. | A state-backed turnaround organisation has said it plans to inject about 300bn yen ($3.3bn; £2bn) into JAL. |
| Japan's government says flights will continue as normal as the airline begins restructuring. | Japan's government says flights will continue as normal as the airline begins restructuring. |
| Its reorganisation will take place under the supervision of the state-backed Enterprise Turnaround Initiative Corporation (ETIC). | Its reorganisation will take place under the supervision of the state-backed Enterprise Turnaround Initiative Corporation (ETIC). |
| JAL will also receive a 600bn-yen credit line and get 730bn yen in debt waivers. | JAL will also receive a 600bn-yen credit line and get 730bn yen in debt waivers. |
| 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. |
| The Tokyo Stock Exchange said shares in the carrier would be delisted on 20 February. | The Tokyo Stock Exchange said shares in the carrier would be delisted on 20 February. |
| Along with other major global airlines, JAL has been hit hard by falling passenger numbers during the global downturn. The carrier has debts of $25.6bn. | |
| Investors to lose out | Investors to lose out |
| "Basically this shows that nothing is too big to fail, that America's GM and Japan's JAL were in the same situation," said Koichi Ogawa from Daiwa SB Investments. | "Basically this shows that nothing is too big to fail, that America's GM and Japan's JAL were in the same situation," said Koichi Ogawa from Daiwa SB Investments. |
| "What this has shown is that the nation won't just take total care of a company, that they've now said they'll let badly-run companies fail." | "What this has shown is that the nation won't just take total care of a company, that they've now said they'll let badly-run companies fail." |
| A third of JAL's workforce face the prospect of losing their jobs, the BBC's Roland Buerk in Tokyo says. | A third of JAL's workforce face the prospect of losing their jobs, the BBC's Roland Buerk in Tokyo says. |
| 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. |
| Support | |
| Meanwhile, US carrier Delta Airlines has issued a statement of support for JAL. | |
| Delta wants JAL to leave the OneWorld Alliance and join its SkyTeam partnership. | |
| "Delta and SkyTeam fully support Japan Airlines and stand ready to provide assistance and support in any way possible. | |
| "Delta fully expects that JAL, with the support of ETIC, will be successful in its restructuring and return the airline to a position of prominence." | |
| Do you work for Japan Airlines? Are you a shareholder? Send us your comments and experiences using the form below. | Do you work for Japan Airlines? Are you a shareholder? Send us your comments and experiences using the form below. |
| The BBC may edit your comments and not all emails will be published. Your comments may be published on any BBC media worldwide. Terms & Conditions | The BBC may edit your comments and not all emails will be published. Your comments may be published on any BBC media worldwide. Terms & Conditions |