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 ...

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