{"id":1514,"date":"2009-10-17T10:51:06","date_gmt":"2009-10-17T07:51:06","guid":{"rendered":"http:\/\/www.turizmtatilseyahat.com\/en\/?p=1514"},"modified":"2022-09-28T17:59:09","modified_gmt":"2022-09-28T16:59:09","slug":"japan-airlines","status":"publish","type":"post","link":"https:\/\/www.turizmtatilseyahat.com\/en\/japan-airlines\/","title":{"rendered":"Japan Airlines shares slide to 7-year low"},"content":{"rendered":"

\"Japan<\/a>Shares of Japan Airlines fell to their lowest since they were re-listed in 2002 on doubt over the cash-strapped airline’s ability to recover, even with aid from creditors, investors said on Friday.<\/strong><\/p>\n

Japan’s biggest airline has asked creditors for 600 billion yen ($6.63 billion) in financial aid, sources have told Reuters.<\/p>\n

But the lack of a clear growth plan for JAL is fueling market concern the rescue package might be throwing good money after bad, some investors said.<\/p>\n

“There’s increasing concern about the future of the company and whether it’s heading for a GM-style bankruptcy or not,” said Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management.<\/p>\n

The size of the rescue package could seriously dent the cash-strapped bank’s creditors, some investors said.<\/p>\n

Kyodo news agency earlier on Friday said JAL was reconsidering a plan to sell shares in its group firms, indicating that the restructuring efforts needed to turn the company around might be slow to come.<\/p>\n

Shares in JAL fell 10.5% to 102 yen, hitting the lowest since the airline carrier relisted as the holding company of JAL and Japan Air Systems in October 2002. Its shares have shed 25% in one week.<\/p>\n

Tokyo’s banking index fell 2% on Friday. Shares in JAL’s major creditor Mizuho Financial Group fell 2.3%.<\/p>\n

“Even if they do get the funds, where is the prospect of growth? I don’t see it,” said another portfolio manager at a Japanese asset management firm, who asked not to be named as he was not authorized to comment on individual stocks. ”<\/p>\n\n","protected":false},"excerpt":{"rendered":"

Shares of Japan Airlines fell to their lowest since they were re-listed in 2002 on doubt over the cash-strapped airline’s ability to recover, even with aid from creditors, investors said on Friday.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[7997,137],"tags":[],"class_list":["post-1514","post","type-post","status-publish","format-standard","hentry","category-far-east","category-sectoral"],"_links":{"self":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/1514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/comments?post=1514"}],"version-history":[{"count":1,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/1514\/revisions"}],"predecessor-version":[{"id":9309,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/1514\/revisions\/9309"}],"wp:attachment":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/media?parent=1514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/categories?post=1514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/tags?post=1514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}