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23-Apr-2010 10:11 AM

JAL may miss deadline for rehabilitation plan

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.