Japan Airlines International Co., Ltd. (JAL) Kabushikigaisha Gaisha Intānashonaru Nihon-Koku?), Is an Airline Headquartered in Tokyo, Japan
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Japan Airlines International Co., Ltd. (JAL) Kabushikigaisha gaisha Intānashonaru Nihon-Koku?), Is an airline headquartered in Tokyo, Japan. Its main hub at Tokyo Narita International Airport and is the Tokyo International Airport, as well BandaraInternasional Nagoya'sChūbu Centrair International Airport and Osaka Kansai. The airlines and four subsidiaries (J-Air, JAL Express, JAL and the Japanese way TransoceanAir) is a member of the airline alliance Oneworld. The companies groups Including Japan Airline JAL International and dalamnegeri for services; JAL way to the International recreation services; JAL Express for cheap domestic and international services; Hokkaido Air System, J-Air, Japan Air Commuter, Japan Transocean Air and Ryukyu Air Commuter for domestic feeder services; and JAL Cargo for cargo and mail services. JAL group operations include scheduled passenger and international and domestic non-scheduled and cargo to 220 Cities in 35 countries around the world, Including codeshares. The group has a fleet of 279 aircraft. In the fiscal year ended March 31, 2009, the airline group Carried over 52 million passengers and more than 1.1 million tons cargo and letters. JAL founded in 1951 and Became the national airline of Japan in more than three decades 1953. After service and expansion, the airline was fully privatized in 1987. In 2002, the airline merged with Japan Air System, Japan's third-largest airline and Became the sixth Reviews largest airline in the world to carry passengers. Airline filed for bankruptcy protection on January 19, 2010, after losses of nearly ¥ diseperempat 100.000.000.000 single. Problem : Insolvent (Bangkrut) The global economic crisis in 2008 has brought the victim. One was Japan Airlines Corp (JAL). Japanese government-owned airline which already fragile fundamentals in the last 10 years it immediately collapsed. On Tuesday (19/1), JAL has formally requested the commencement of the bankruptcy proceedings of the company after the Japanese government refused to provide bailout funds to patch up the debt that has reached 16 billion U.S. dollars, or about 160 trillion rupiah. As a result of the bankruptcy news, JAL shares closed at 5 yen per share after briefly being in the lowest level, 3 yen per share. The airline had lost 90 percent of capitalization market since earlier this month. With a market value of about 150 million U.S. dollars, while the value of JAL even lower than the price of a Boeing 747. Bankruptcy does not mean the end of the story of the largest airline in Asia. In fact, controlling 60 percent of JAL flight in Japan was still operating, even after declaring bankruptcy. Unlike the bankruptcy process in Indonesia, Japan knows that the legal system is similar to bankruptcy proceedings in the United States. Japanese companies are bankrupt means could ask for protection from its creditors to restructure its debt at the same time. The move is usually taken if the debt restructuring process is not successful. Typically, the company will file bankruptcy with a court order. It will minimize the rights of shareholders, employees and creditors so that the restructuring will be easier to do. Prune Related Employee JAL bankruptcy, sources quoted by Reuters said that the restructuring, JAL will slash 15 thousand employees, replacing older aircraft fleet, trimming routes that are not profitable, a business that is not related to the main business, as well as employee pension funds. In fact, creditors will be forced to remove the JAL 350 billion yen worth of debt. A number of very bitter pill of course not possible under normal conditions. Because, JAL as a company known for its government employees unions are very rigid and difficult to change culture. In fact, four times the chamfer's funding from the Japanese government in the last 10 years the airline was unable to fix it. "I'm not worried about the future of the airline because I believe the government will certainly support," said Yasuhiro Matsumoto, a credit analyst at Shinsei Securities. Although it has been bankrupt, the Japanese government is still confirming its support through the Enterprise Turnaround Initiative JAL Corp of Japan (ETIC). ETIC will inject up to 300 billion yen capital to ensure JAL keep operating. It seems that bankruptcy is the only way to fix JAL. Problem Solving with SWOT 1. STRENGTH (Strengths / Pros) Joining JAS in 2001, Japan Air System and Japan Airlines have agreed to merge, and on October 2, 2002, they established a new holding company called Japan Airlines System (Nihon Koku Shisutemu?), Shaping a new core of the JAL Group. Aircraft liveries changed to adjust the design of the new JAL Group. At that time the merged group is the sixth largest airline in the world to carry passengers. On April 1, 2004, JAL changed its name to Japan Airlines International and JAS changed its name to Japan Airlines Domestic. JAS flight codes changed to JAL flight codes, JAS check-in desks refitted in JAL livery and JAS aircraft were gradually in the paint. On June 26, 2004, the parent company Japan Airlines System was renamed became Japan Airlines Corporation. After the merger, two companies operated under the JAL brand: Japan Airlines International (Intānashonaru Nihon Koku?) And Japan Airlines Domestic (Nihon Koku Japan?). Japan Airlines Domestic had primary responsibility for JAL's large network of intra-Japan flights, while JAL International operates domestic and international flights and trunk. On October 1, 2006, Japan Airlines International and Japan Airlines Domestic merged into a single brand, Japan Airlines International. alliance negotiations On October 21, 2009 Gerard Arpey, CEO of American Airlines, said the airlines and the oneworld remains committed to a partnership with Japan Airlines, as long as it remains an international operator. On November 9, 2009, Arpey encouraged Japan Airlines to stay with Oneworld alliance and its members rather than aligning itself with Delta Air Lines and the SkyTeam alliance, during ceremonies to welcome Mexicana into the alliance. In an interview with the Asahi Shimbun on January 1, 2010, regarding opposition to bankruptcy proceedings, JAL president Haruka Nishimatsu stated preference in forming a partnership with Delta Air Lines, American Airlines. .