Japan Airlines Files For Bankruptcy Protection

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Japan Airlines files for bankruptcy protection

CBC News

Japan Airlines filed for bankruptcy protection on Tuesday and vowed to cut nearly 16,000 jobs and restructure $26 billion in debt in an effort to survive in the uncertain air transport industry.

JAL applied for protection from creditors under the Corporate Rehabilitation Law in Tokyo District Court. Its shares, which had plummeted Monday to the equivalent of six cents Cdn, will be removed from the Tokyo Stock Exchange on Feb. 20.

The company said it would slash 15,661 jobs — or a third of its payroll — by March 2013, cut routes and shift away from its fleet of 747 jumbo aircraft to more fuel-efficient planes as part of its restructuring.

A state-backed turnaround agency said it would assist with the reorganization and pledged to offer the airline "sufficient funding" to keep JAL's planes in the air during the restructuring.

"The aviation industry faces serious uncertainty, and that is another reason we have to move forward on concrete restructuring for JAL," Transport Minister Seiji Maehara told reporters.

JAL serves 220 airports in 35 countries and territories, including 59 destinations within Japan.

http://www.cbc.ca/money/story/2010/01/19/m...bankruptcy.html

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Continuation of ALL Flight Tickets and Services

Please rest assured that your reservations, flight tickets, and all air and land services remain unchanged and will continue functioning normally as JAL undergoes this business revitalization. We look forward to your continued support.

Details about the following services, which will remain unaffected, are outlined in this document:

* Reservations and flight tickets

* Tour packages by JALPAK and JAL TOURS

* JAL Mileage Bank

* JALCARD

* JAL travel coupons and JAL/JAS gifts

* JAL travel savings

* Shareholders complimentary coupons

* Other various services

Reservations and flight tickets

Your reservations and flight tickets are ALL valid and can be used as before.

(including domestic reservations, international reservations, domestic award ticket reservations, international award ticket reservations)

Complimentary coupons issued to shareholders are valid until the original expiry dates and can be used as before.

Tour packages by JALPAK and JAL TOURS

Tour packages, including those listed below, will be conducted as scheduled:

* JALPAK

* I'll

* AVA

* JMB TOUR

* JAL STAGE

* "Furari"

* JAL Dynamic Package

* all other tours held by JALPAK and JAL TOURS

JAL Mileage Bank

All mileage accumulated by customers in the JAL Mileage Bank will be honored and protected.

The earning and redemption of JMB mileage and all special services and awards for our frequent flyers, outlined below, remain unchanged.

＜Accumulating Mileage＞

* Accumulation of flight miles with the JAL Group and partner airlines

* Accumulation of tour miles through the purchase of JAL tour packages

* Accumulation of shopping miles through in-flight purchases

* Accumulation of hotel miles with JAL Hotels and partner hotels

* Accumulation of hotel miles by using the hotel reservation service

* Accumulation of bonus miles and shopping miles by using JALCARD

* Accumulation of miles by using electronic money "WAON"

* Accumulation of miles by shopping at JMB mile partners

* Accumulation of miles by online shopping at e-mile partners

* Exchanging credit card points for miles

* Accumulation of "hotel restaurant mile" and "restaurant mile" by dining at eligible restaurants

＜Redeeming Mileage＞

* JAL Group Airlines Domestic Award Ticket

* JAL Group Airlines International Award Ticket,Upgrade Award

* Partner Airlines Award Ticket

* JAL COUPON Award/JAL IC COUPON Award

* "WAON" Electronic Money Rewards

* JMB Partners' Award (Suica, Tokyu Top&, Odakyu Point, Kintetsu "Kippy Point", JMB Lawson Pass Point, JTB Travel Point, JMB Iyotetsu, JMB nimoca, PiTaPa "Shop de Point")

* JMB WEB selection

＜Special Services for Frequent Flyers＞

* Services of JMB FLY ON program

* Services of JAL Global Club

* Services of oneworldⓇ Tier Status

＜Other services.＞

* Services of JAL Family Club

* Services of JMB "Tabi Plus"

JALCARD

Use of the JALCARD and its benefits, outlined below, remains unchanged:

* Shopping by JALCARD

* Accumulation of bonus miles for JALCARD members

* Accumulation of miles with JALCARD Shopping Mile Program and JALCARD "Premium" Shopping Mile Program

* Services of JALCARD Tour Premium

* Services of JALCARD Family Program

* Accumulation of double miles at JALCARD Contract Stores

* Insurance services, including overseas travel insurance

* Other discount services for JALCARD holders

JAL travel coupons and JAL/JAS gifts

Use of the following remains unchanged:

* JAL gifts

* JAS gifts

* JAL travel coupons

JAL travel savings

All services and usage remain unchanged.

JAL travel savings can be exchanged for JAL travel coupons until the maturity date.

Shareholders complimentary coupons

Complimentary coupons issued for the shareholders are valid until the original expiry dates.

Other various services

Please be assured that all other services, too, will be unaffected by the business revitalization plan. This includes:

* Airport lounge services

* In-flight service

* "Okaeri Service" for Europe/mainland US Routes

* JAL Family Service

* JAL Air Plus

* Additional programs and services which may be available in overseas regions will also remain unaffected.

https://www.jal.co.jp/en/other/info2010_0119_2.html