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JAL may miss deadline for rehabilitation plan

23-Apr-2010 10:11 AM

Japan Airlines and the Enterprise Turnaround Initiative Corporation of Japan (ETIC) are reportedly negotiating to delay submission of the airline's rehabilitation plan for approximately two months from the 30-Jun-2010 deadline (Yomiuri Shimbun, 23-Apr-2010). The delay is related to the inability of JAL and ETIC to reach consensus with creditor banks on reductions to flight routes and personnel.