The fleet is not immune to the wide sweep kick

At the end of several weeks of rumours, Japan Airlines (JAL) eventually filed his record yesterday. The company, long a symbol of the prosperity of the Japan of the post-war, displays a colossal debt of total billion yen (17.85 billion) doing this bankruptcy the fourth most grosse of the archipelago over the last decade. Mechanical consequence of the filing of balance, the action will be removed from the stock market in Tokyo on February 20, leaving the carriers without recourse. Yesterday, title has completed the session unchanged at 5 yen, although from 200 yen for only a year ago and bringing, especially, market recovery of the first company Asian at the level of Croatia Airlines, significantly smaller.

"This day marks not the end of Japan Airlines, but a new start," assured, yesterday, Seiji Maehara, the Minister of transport. And adding that "If JAL had not been the first airline of the country, such a procedure could mean the disappearance of the company." "But it is JAL and it enjoys the support of the Ministry of transportation," he continued while asking publicly whether the Japan really needed two large carriers.

The national ex-fleuron can recover seamlessly without interrupting his activity. To fly his aircraft, JAL has a line of credit of 1,000 billion yen and will rely on a new management team led by one of the most respected patterns of the country, Kazuo Inamori, founder of the electronics Kyocera group. Itself will have to implement the extremely severe recovery plan, developed by the Enterprise Turnaround Initiative Corp (ETIC), a semi-public institution working on this issue for several months. In return for injection by the ETIC of 300 billion yen in capital, a line of credit of 600 billion yen to 730 billion yen of debt discounts, the company can hope reborn. A condition for her to cut in its workforce and its costs. The relief plan suppression of 15.660 jobs by 2013 to bring workforce 36.201 employees. The number of roads will be reduced from 31 including 14 international. The fleet is not immune to the wide sweep kick. The new leaders will have to remove the oldest and the most gourmet appliances fuel to replace them with about 50 smaller and more efficient models. Not less than 37 Boeing 747 - 400 could be removed and 16 McDonnell Douglas MD - 90.

Transform the State of mind

Finally, negotiations are always conducted with Delta Air Lines and the SkyTeam alliance of which she is a member at the same time as Air France-KLM. Yesterday, the companies say "ready to provide aid and assistance" to their Japanese sister "in any possible form.

If there are still many points to clarify, there are a particularly keeps the attention of experts, at this stage of recovery. If it really wants to become a competitive player in a global environment, the new Japan Airlines will have also transformed the State of mind prevailing in the enterprise while renegotiating wage grids and different social agreements. "It will require that all employees work hard" to save their business, said the Prime Minister Yukio Hatoyama.