JAL failure would hit about 1,500 small firms
Friday, 15 January 2010
TOKYO, Jan 14 (Reuters): A Japan Airlines Corp bankruptcy will have a wide-spread impact on small businesses that account for half of the nearly 3,000 Japanese companies that do business directly with the carrier, a research firm said.
JAL, Asia's biggest carrier, will likely file for bankruptcy protection next week as part of a state-backed rescue package, sources said.
Tokyo Shoko Research said small firms with less than 1 billion yen ($10 million) in sales make up half of JAL's major business partners, supplying goods to or buying from JAL's 91 group firms.
JAL, Asia's biggest carrier, will likely file for bankruptcy protection next week as part of a state-backed rescue package, sources said.
Tokyo Shoko Research said small firms with less than 1 billion yen ($10 million) in sales make up half of JAL's major business partners, supplying goods to or buying from JAL's 91 group firms.