Board

burdened with debt of the Japanese airline Japan Airlines, also known as JAL, at today"s meeting agreed to the bankruptcy of the company, reports Reuters referring to the Japanese media. As expected, JAL will give a Tokyo court for restructuring and protection from creditors. Bankruptcy Japan Airlines will be one of the largest in corporate history in Japan.

After bankruptcy JAL quasi-public corporation Enterprise Turnaround Initiative Corp., dealing with troubled companies, will begin a large-scale restructuring of the airline, in which will be reduced by approximately 15.7 thousand employees of the airline, the assets of the group cut down, some domestic and international routes closed.
Japan Airlines

struggle for survival with an uncertain outcome lasted several months, stock quotes, company went into a steep dive and virtually worthless against the backdrop of speculation about an imminent bankruptcy. As a result of trading on Jan. 18, 2010 market value of securities Japan Airlines has dropped to a new absolute minimum of 5 yen (0.06 dollars), and now the whole company is only valued at $ 150 million - less than the price of a modern airliner.
According to Japanese media, plan to rehabilitate Japan Airlines suggests that the company will continue to carry out flights, but investors probably will lose their invested funds in Japan Airlines. After bankruptcy, most likely, will be held on delisting of shares with Japan Airlines on the Tokyo Stock Exchange, although there are other, less likely scenario.

Japan Airlines was founded in 1951 as the state airline. In 1987, JAL has passed into private hands, but soon fell victim to risky investments, increasing expenditure on social security of employees and operating model, which forced the company to maintain non-profitable domestic routes. The final verdict of the Japanese airline has signed a global financial crisis in 2008, which resulted in the volume of passenger traffic fell sharply increased the cost of borrowed funds. As of November 2009 the debts of Japan Airlines was estimated at 1.5 trillion yen (16.5 billion dollars). For the six months to September 2009 JAL posted a loss of 1.5 billion dollars

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The level of support for fixed-term contract on RTS index performance in March for today - 158 950 points
The dynamics of trades within the day will depend not only on the situation on the oil market, but also on the news from Europe and the U.S.
In the growth leaders today were shares of steel companies, which is also supported by positive news about the Rusal IPO
In relation to many developing markets of Russia"s market now looks cheap enough
After lunch, the market of Russia will be possible to release reporting Citigroup, and which will form the basic dynamics of the movement of stock and commodity markets