
Confirmed Japan Airlines ( JAL ) said Tuesday it filed bankruptcy , according to the Rehabilition of the companies , as part of its quest for rectification under the restructuring plan supported by the State. The Japanese news agency (Kyodo) the decision to file for bankruptcy was made after a meeting of executives , with the arrival toured debt to 2.3 trillion yen ( 25.4 billion dollars ) the end of September. Government has also pledged to support the restructuring efforts of assessments for the largest airline in Asia , and is expected to announce today a financial package with hundreds of billions of dollars under the plan ready. Also , sources reported that the Tokyo Stock Exchange will be struck off company's shares. The financial market from 20 February in advance or even earlier in the process of bankruptcy , as it will reduce its capital by 100% . Japanese fonts and incurred during the six months beginning from March a loss of 1.5 billion$ , reports confirm that it plans to sell assets , including hotels. JAL also plans to former State-owned write 15700 jobs , or about one-third of its workforce by the end of March 2013 , also will sell or close half of its branches to reach 57 branches , instead of 110 by March 2011.


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