JAPAN AIRLINES

PRESS RELEASES

  • October 29, 2009

Announcement of Preliminary Consultation with the Enterprise Turnaround Initiative Corporation of Japan to Support Our Restructuring

Tokyo, October 29, 2009: Today, we have requested the Enterprise Turnaround Initiative Corporation of Japan (ETIC)* that it initiates preliminary consultation to decide whether ETIC would support the restructuring of our group or not.

 

We will hence provide our fullest cooperation to the various inquiries from ETIC, and under its advice, will render our maximum efforts in preparing a restructuring plan at the earliest opportunity that is satisfactory to all and strenuously strive to revitalize our business.

 

Thank you for your understanding and we sincerely ask for your continued support and cooperation.

 

 

* ETIC is a joint-stock corporation established and authorized by the Japanese government to provide support for the revitalization of operations at mid-sized companies, SMEs and other businesses, including large corporations that have revitalization potential but are carrying excessive debt. 

 

For more details, the brochure of ETIC is available at:

http://www.etic-j.co.jp/pdf/english.pdf

 

END

 20091029 JAL Announces Preliminary Consultation with ETIC_ORIG.pdf

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