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JAL plans to relist on Stock Exchange

Friday, 6 January 20123 min read

Japan Airlines is set to relist its shares on the Tokyo Stock Exchange as part of its recovery plans.

If the move goes ahead, it would turn JAL into one of the world’s biggest listed airlines.

The airline was granted a government-backed bailout after filing for bankruptcy in January 2010 with debts of more than £16.1bn.

It came out of bankruptcy last year after cutting about a third of its workforce and reducing its network.