JAL to file for bankruptcy?

[EagleStar]

Japan Airlines (JAL) formally applied today for support for corporate restructuring. In response, the Enterprise Turnaround Initiative Corporation of Japan (ETIC), a government–backed corporate turnaround body entrusted with JAL's revival, confirmed today that they will provide support.

As a result, JAL will also be able to obtain sufficient financing from the Development Bank of Japan and ETIC to ensure the continuation of flight operations. Furthermore, customers' airline tickets and frequent flyer miles will be fully protected and JAL's frequent flyer program is expected to continue as normal.

Press release issued today as posted by JAL http://press.jal.co.jp/en/ .