JAL to retire 103 aircraft, cut 16,000 jobs in financial turnaround
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[FONT=Arial, Helvetica, sans-serif]Japan Airlines (JAL) will retire more than 100 aircraft, cut 16,000 jobs and streamline its operations as part of a rehabilitation plan to return to profit.[/FONT]
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The Oneworld carrier, which filed for bankruptcy protection in January after running up severe losses, submitted its financial reorganisation plan to the Tokyo District Court today.
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JAL expects to implement its new business plan in December, after it receives the court's approval in end-November.
The carrier says it will retire 103 aircraft as it seeks to reduce the number of aircraft models in its fleet and use smaller, more efficient aircraft. It will phase out all Boeing 747-400s, Airbus A300-600s, MD81s and MD90s from its fleet by end-March 2011....
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[FONT=Arial, Helvetica, sans-serif][/FONT]
[FONT=Arial, Helvetica, sans-serif]Japan Airlines (JAL) will retire more than 100 aircraft, cut 16,000 jobs and streamline its operations as part of a rehabilitation plan to return to profit.[/FONT]
[FONT=Arial, Helvetica, sans-serif]...
The Oneworld carrier, which filed for bankruptcy protection in January after running up severe losses, submitted its financial reorganisation plan to the Tokyo District Court today.
...
JAL expects to implement its new business plan in December, after it receives the court's approval in end-November.
The carrier says it will retire 103 aircraft as it seeks to reduce the number of aircraft models in its fleet and use smaller, more efficient aircraft. It will phase out all Boeing 747-400s, Airbus A300-600s, MD81s and MD90s from its fleet by end-March 2011....
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