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Japan Airlines (JAL) has requested the Enterprise Turnaround Initiative Corporation of Japan (ETIC)* that it initiates preliminary consultation to decide whether ETIC would support the restructuring of our group or not.

Japan Airlines will hence provide the fullest cooperation to the various inquiries from ETIC, and under its advice, will render  maximum efforts in preparing a restructuring plan at the earliest opportunity that is satisfactory to all and strenuously strive to revitalize its business.

* ETIC is a joint-stock corporation established and authorized by the Japanese government to provide support for the revitalization of operations at mid-sized companies, SMEs and other businesses, including large corporations that have revitalization potential but are carrying excessive debt.

For more details, the brochure of ETIC is available here

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