Posted: 02 April 2010 1139 hrs
TOKYO: The main creditors of bankrupt Japan Airlines are to demand drastic cuts to the carrier's international service in exchange for further cash injections, a report said Friday.
The company declared bankruptcy in January with US$26 billion of debt in one of Japan's biggest ever corporate failures, but has continued flying while it goes through painful state-led restructuring.
With JAL looking to a state-backed turnaround body for assistance, its four main lenders, including the Development Bank of Japan, have already waived massive amounts of debt.
The lenders have now decided not to shell out further financial aid without solid evidence that earnings are set to head north, the Nikkei business daily said.
The banks will demand JAL cuts both international and domestic services, while one proposal calls on the carrier to withdraw entirely from European and US flights and to focus on the profitable Asian region, the paper said.
The struggling airline currently runs more than 90 international flights, including code shares with other airlines, of which around a third are to Asian destinations.
The carrier posted a US$2 billion loss for the nine months to December and is planning more than 15,000 job cuts.
- AFP/sc
Na minha opinião, se a proposta do credores irem para frente, será um tiro no pé, pois as rotas que a empresa tem na Europa e EUA (SFO, LAX, ORD, IAD, JFK, YVR, HNL, CDG, FRA, MXP, FCO, LHR, AMS e SVO) são rotas com bastante demanda, com code-share da OW na maioria delas e algumas tem yields altos, como para Londres e Nova Iorque.




Este tópico está trancado. =/








