JAL revival needs lots of public money -task force

Thu Oct 29, 2009 3:37am EDT
 
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TOKYO, Oct 29 (Reuters) - Reviving Japan Airlines Corp (9205.T) will require a huge amount of public money in the form of both capital and loans, the head of a government-appointed task force told reporters on Thursday.

The task force, which is composed of corporate turnaround specialists and is in charge of crafting a restructuring plan for the troubled carrier -- Asia's largest by revenue -- submitted its final plan to Transport Minister Seiji Maehara earlier in the day. (Reporting by Nobuhiro Kubo)

 

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