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Struggling JAL to explain its woes to government

Date Posted: 2009-09-24

The president of Japan Airlines Corporation is going before Japanís Transport Minister today to explain his plans for a business recovery plan.

Haaruka Nishimatsu will present his case to the Transport Minister, Seiji Maehara, explaining how the cash-strapped airline is hoping to cope with its problems in the coming two fiscal years. Nishimatsu will detail the airlineís requirements for cash infusions, and explain how JAL has begun wooing both AMR, parent company to American Airlines, and Delta Airlines, to invest. JAL and American Airlines already are linked to the Oneworld Alliance, one of three major alliances of airlines around the world.

A major investment by Delta Airlines could significantly alter JALís position, as Delta belongs to SkyTeam Alliance. Still, with Delta flush with cash and aggressively seeking a role with JAL because of landing rights at Haneda Airport in Tokyo, it could be hard for JAL to refuse a proposed deal.

Nishimatsu is also expected to provide specifics of plans to lay off more than 6,800 employees in the fiscal years 2009, 2010 and 2011 period, while slashing domestic and international routes and flights. JAL has already indicated plans to pull out of seven airports in Japan.

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