bankruptcy jal
JAL sees last trading day; delisting in offing
Japan Airlines Corp., the first top Asian flag carrier to file for bankruptcy, had its last trading day Friday in Tokyo, wiping out shareholders in a carrier that was worth more than $6 billion as recently as March. JAL will be officially delisted Saturday after seeking court protection with ¥2.32 trillion in debts last month. Prime Minister Yukio Hatoyama forced the bankruptcy in return for …
