JAL Sheds Subsidiaries
By Frank Jackman
Restructuring Japan Airlines (JAL) said Aug. 10 it is selling majority control of its Kansai-based passenger and ground-handling subsidiaries to Konoike Transport Co. Ltd., which specializes in outsourcing and logistical support services.
Terms of the transaction were not disclosed. In mid-June, JAL said it would cut more than 19,000 jobs as part of the restructuring necessitated by its filing for protection from ...
