JAL seem to be slowly getting back on their feet after the financial disaster they had a year or so back. They have announced they are to order 10 Boeing 787-9 series aircraft, whilst converting 10 existing orders for 787-8s into the 787-9 model. In addition, more options to purchase have been secured. The magic number then for JAL for the 787 series is: 25 Firm … [Read more...]
Analysis: JAL – Remaining with OneWorld
So we finally approach an end in this JAL dating dance - and it seems that JAL will remain with the OneWorld Alliance to American's delight (and in equal annoyance to SkyTeam and Delta). So lets look a lot deeper into this. As it's common knowledge, JAL has been falling apart recently, and towards the end of last year, it was courted initially by Delta to the tune of $1 … [Read more...]
And so it came to pass – JAL files for Bankruptcy protection
It's done. Japan Airlines (JAL) has filed for bankruptcy protection. A turnaround organisation says it plans to inject about 300bn yen into JAL, with a 600bn-yen credit line and get 730bn yen in debt waivers. With stock at an all time low, it will be de-listed from the Japanese Stock Exchange on Wednesday 20th. In practical terms: flights will continue as … [Read more...]
JAL: A Self Filling Prophecy?
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 -, … [Read more...]
JAL: Approching Endgame?
JAL's shares have once again taken a nosedive as people fear it's heading into bankruptcy - even though American has increased its bid to $1.3 Billion and it's employees have voted to take cuts in the pensions scheme. With further cost cutting concessions - The Enterprise Turnaround Initiative Corporation of Japan will happily inject new cash - providing JAL goes bankrupt, … [Read more...]
JAL: No more bailouts… but we’ll consider extending a loan..
When is a bailout not a bailout? When it has something to do with JAL it seems. Whilst the Japanese Government has promised no new loans to it, it has however promised to extend previous loans from 1 Billion Yen to 2 Billion Yen. Thats a lot of yen! This still doesn't solve the long term problems with JAL (least of all the 1.5 TRILLON Yen Debt Pile - and growing), but … [Read more...]
JAL edges closer to the edge….
It seems that JAL is edging step by step closer to the edge of its current existence as the Japanese governments will no longer provide any bailouts or extra loans for it as last week - the Finance Minister Hirohisa Fujii said the state would not give the airline any more loans, thus JAL would need to file for the Japanese equivalent of Chapter 11 - with stock becoming … [Read more...]
JAL… will it be Bachelor number 1 or Bachelor Number 2?
The Battle for JAL's heart is well and truly joined, with Delta offering $1 Billon and now American offering $1.1 Billion. Its fast turning into one heck of a battle for the Far East (as whoever wins gets a very big chuck of the network out there to integrate into their own airline or alliance) American is part of OneWorld (which JAL is part of) whilst Delta would take … [Read more...]
The Friday News Roundup
It's Saturday, so it's time to look at the commercial aviation world with raised eyebrows and see what's going on this week. (Apologies for the delays - call it sleep) Qantas - No Upturn just yet Qantas report that don't expect an upturn in traffic, with a 88% drop in profits for the first half of the year. Seems that Kangaroo is going to have to do some more bouncing … [Read more...]
The Friday News Roundup
It's Friday, so it's time to have a quick wibble around the web to find out who's doing what. JAL - Seems like *everyone* is interested in them JAL has a few suitors after it now - Delta and American as reported before and now Air France has tipped it's hat into the ring. BBC News, Flight, CrankyFlyer American Airlines - One Beeillon Dollars! With no apology to … [Read more...]
