Three companies including Japan Airlines (JAL) filed a company rehabilitation law application, the debt was about 2,232,218 million yen, and as a business company the largest ever

It is a holding company of the JAL GroupJapan Airlines, And its subsidiary is a flag carrier in Japan (a leading airline company)Japan Airlines International, Run financial industry and leasing businessJAL CAPITALHave applied for the corporate reorganization law and have been accepted. Debt is about 2,622.181 billion yen for the total of 3 companies, including Japan Airlines about 671,578 million yen. It was the fourth largest bankruptcy after the war and became the biggest bankruptcy as a general operating company.

JAL is the world's third largest airline group in the airline industry, including Japan Airlines International (JAL), Japan Trans Oceanair (JTA), JAL Express (JEX), JAL Ways There are airlines such as JAZ, J - AIR, Japan Air Commuter (JAC), Hokkaido Air System (HAC), Ryukyu Air Commuter (RAC).

Details are as below.
Big bankruptcy bulletin | Teikoku Databank [TDB]

After the war, Japan AirlinesSpecial corporationAs a result, it was established as a company that takes over domestic aviation business. After that, many small and medium-sized airline companies were born and eventually underwent consolidation, it became a four-company system of All Nippon Airways (ANA), Japan domestic air, and Dong Aircraft, and it is called "Air Constitution" in 197245/47 systemJAL establishes international and domestic trunk lines, ANA merges domestic trunk lines, local lines, short distance charter lines, domestic domestic airlines and Toa Airlines merge to become Asia domestic (later Japan Air System (JAS)) and domestic It was stipulated to operate mainly on the local line.

Under the 45/47 system, JAL recorded the world's number one in the international transportation record in the world (1983), but it is known as "buckling" which became a buzzword in 1982Crash accident off Nikko HanedaMoreover, in 1985, the largest number of deaths in the world was issued as a single accident accidentJapan Airlines 123 flight crash accidentAs a result, business performance worsened. In 1984 the 45/47 system was abolished and competition among domestic airlines was also beginning. In the 1990s, we received the influence of the economic collapse of the bubble economy and recorded an ordinary loss of 53.8 billion yen in fiscal 1992 settlement. Although restoring the business situation once by restructuring of the business etc., I had a huge amount of interest-bearing debt by reckless expansion of international flights and absurd management such as higher salary than other companies in the same industry.

In 2002, after 9.1 terrorism management integrated with JAS whose management had deteriorated, it shifted to the form of the current holding company. However, the effect of this business integration is thin, and operation trouble frequently occurs. We tried to fill up the loss due to fuel price hikes with efficiency reduction such as reduction of flights and abolition of unprofitable routes, but overseas routes are struggling. According to the JAL rehabilitation plan led by the Ministry of Land, Ministry of Construction and reconstruction will be carried out through legal arrangement after twists and turns.

The debt amount was about 2,232.1 81 billion yen, the fourth largest bankruptcy after the war, as the general operating company excluding financial companies, it is the largest ever in the past, surpassing the Sogo group. As airlines it is the third bankruptcy after Delta Airways and United Airlines.

In JAL "JAL will continue to fly."We announced the announcement that JAL Group's aircraft will be operated as usual. In addition to being able to continue using the service of JAL Mileage Bank, group affiliates such as JAL card, JAL pack, JALTOURS, JAL hotels will also be open as usual and will continue to be available.