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JAL Bankruptcy Proposed As Option to Banks

Posted on: December 28, 2009 by PEHub AdministratorNo Comments »

TOKYO (Reuters) – A state-backed turnaround fund may seek to put Japan Airlines Corp through bankruptcy court as part of a restructuring of the struggling carrier, two sources with knowledge of the matter said. JAL applied in October to the Enterprise Turnaround Initiative Corp of Japan, a fund established this year to help revive firms [...]

American Says TPG Could Invest in Japan Airlines

Posted on: November 11, 2009 by PEHub AdministratorNo Comments »

TOKYO (Reuters) – Private equity firm TPG Capital could partner with American Airlines on a minority investment in Japan Airlines (9205.T) to prevent its defection to a rival airline group, the chief financial officer of American parent AMR Corp (AMR.N) said. The emergence of TPG as a potential investor comes as the loss-making Japan Airlines [...]