JAL files for bankruptcy with $25 bn total debt | business | Hindustan Times
Today in New Delhi, India
Apr 25, 2017-Tuesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

JAL files for bankruptcy with $25 bn total debt

business Updated: Jan 19, 2010 21:29 IST

Japan Airlines Corp said on Tuesday it had filed for bankruptcy with 2.3 trillion yen ($25.4 billion) in debt as of the end of September, as it seeks to revive itself under a state-backed restructuring plan.

The Enterprise Turnaround Initiative Corp of Japan (ETIC), a fund that can draw on government-backed funding to bail out ailing firms, has said it will support the carrier.