Wednesday, 2nd May 2012
In Business In Japan, Japan Travel News,
JAL set for public listing in 2013
Leading carrier Japan Airlines (JAL) is planning to list on the Tokyo Stock Exchange in early 2013, it has been revealed.
The news has sent rival airlines into a spin as they consider investing when the company makes its initial public offering.
JAL is reportedly targeting the likes of Qantas in Australia, British Airways owner IAG and other companies in the Oneworld alliance as key investors.
Yasuhi Isomura, head of the JAL's Indian subsidiary made the announcement this week, saying: "We came out of government control last year. We are trying our best to relist within this fiscal year, that is by March next year."
Despite the public listing, JAL plans to maintain the 32,000 members of staff it currently employs until at least 2017, the Tokyo Times reported.
Officials at the airline have revealed it intends to further develop its international operations by expanding routes to the US, Europe and south-east Asia.
Last week, JAL said that its new fleet of Boeing 787s could take off on routes to Germany and Spain.
Written by Graham McPherson
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