Japan Airlines flies on

JAPAN AIRLINES filed for bankruptcy protection, but oneworld says “business as usual”.  The airline is to keep on flying due to support from a state-backed fund.  The current Board has resigned and there is likely to be major management changes under a new CEO.  The biggest losers are shareholders who will finish up with nothing.  Some 15,000 jobs will go and thin routes are expected to be dropped under a vigorous regeneration programme.  The new JAL will quickly need to make a decision about whether it wants to stay with the oneworld alliance and its Pacific partner American Airlines or take up an offer from Delta and the Skyteam group. www.jal.co.jp/en

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