JAL's lenders consider carving out profitable operations
TOKYO, Sept 22 |
TOKYO, Sept 22 (Reuters) - Japan Airlines Corp's 9205.T lenders are considering an idea to separate its profitable operations from money-losing segments, two sources familiar with the matter said on Tuesday.
The Development Bank of Japan and other lenders are poised to ask the government for a drastic overhaul of the loss-making carrier, including streamlining the carrier's operations by separating them into distinct entities, the Nikkei business daily reported earlier Tuesday.
The "new" section would comprise profitable routes while the "old" section would absorb unprofitable routes and segments, the Nikkei reported. (Reporting by Nobuhiro Kubo and Taro Fuse; Writing by Yoko Kubota; Editing by Valerie Lee)
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