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Tuesday, September 15, 2009

Japan Airlines to cut 6,800 jobs

"The personnel reduction cannot wait," said JAL president Haruka Nishimatsu.
Media reports have said several US and European airlines are in the running to take a stake in the loss-making carrier.
Mr Nishimatsu said JAL, which lost more than one billion dollars in the April-June quarter, will have a deal in place by the middle of October.
The airline had already launched a programme of job cuts, plans for fuel-efficiency and a focus on business customers.
Reports this week have suggested that Delta Airlines and American Airlines are in talks to invest in JAL to expand into Asia via code-sharing agreements.
On Tuesday, another report said Air France-KLM joined those discussions. Each is discussing an investment of as much as $300m (£181m), the reports said.
Shares in JAL dropped 3.4%, after climbed nearly 8% on Monday.

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