It seems banks and investors have made their mind up about JAL, with it’s stock value dropping to ~7 yen per share, with people dropping out rapidly.
It seems the offers from both American and Delta will be ignored, and JAL to head to bankruptcy with it’s market value dropped by the hour.
In related news, a new CEO has been selected for JAL by the Japanese Goverment -, Kazuo Inamor – the 78-year-old honorary chairman of electronics components manufacturer Kyocera agreed to the request after meeting Prime Minister Yukio Hatoyama on Wednesday, according to news reports from Japan.
The expectation is for JAL to enter bankruptcy protection next week.
