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Japan Airlines to relist shares

Saturday, January 7, 2012

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A Japan Airlines Boeing 777-200 departing Kansai International Airport.
Image: BriYYZ.

Japan Airlines (JAL) is planning on relisting its shares in an IPO on the Tokyo Stock Exchange. By September, JAL shareholders intend to sell between ¥500 billion and ¥1 trillion (US$6.4b - US$12.8b, €5b - €10b).

If the sale goes into high-end estimates, it will make JAL the largest airline in the world by market value. It will also be the largest IPO in Japan since the 2010 listing of Dai-Ichi Life. However, Senri Sasahara, chief executive officer of Innovative Advisor Corp, said “The amount sought may be a bit too ambitious.”

JAL entered bankruptcy protection in January 2010 and was later given a government bailout. When it was delisted from TSE, it cut one-third of its workers, and reduced the benefits of remaining employees. JAL emerged from bankruptcy in March 2011. Since then, it has posted a record ¥188.4 billion (US$2.4b, €1.9b) in profit for fiscal year 2010.

JAL faces growing competition from discount airlines, such as AirAsia Japan and Peach. In response, JAL entered into a joint venture to form a low-cost carrier with JetStar Airways.


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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.
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