It has been a long, fraught slide for Japan Airlines JAL from Asia's largest airline to literal junk in the eyes of investors as it filed for bankruptcy last night.
In a statement released by the airline, JAL confirmed that it had filed for bankruptcy in the Tokyo District Court with the Enterprise Turnaround Initiative Corporation ETIC appointed as trustee and that its shares will be delisted from the Tokyo Stock Exchange effective today. While not elaborating on the details of its restructuring, the airline did apologise to shareholders, customers and anyone inconvenienced by the filing and affirmed that it would continue safe flight operations uninterrupted.
Representatives of the airline were unavailable for questioning, but...
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