Professional Documents
Culture Documents
of Japan
Airlines
Ankit Goel 13P124
Kaushik Nihalani 13P148
Mayank Rathore 13P150
Nikhil Jain 13P152
Prabudh Jain 13P155
Shashank Shukla 13P166
History
1951
JAL got established
1987
Full privatization
2002
Japan Airlines System
is listed on the first
section of the stock
exchange
1954
First scheduled
international service
1983
World's number one
passenger and cargo
transportation
performance according
to IATA
2004
Japan Asia Airways
becomes wholly owned
subsidiary
1961
Commenced
northbound route to
Europe
1967
Commenced round the
world route
2010
Japan Airlines delisted
from the first section
of the stock exchange
Structural Reforms
Optimization of route
network
Headcount reductions
Pension reform
Aggressive utilization
of alliances
Avoidance of aviation
fuel price fluctuation
risk
Sale of subsidiaries
directed towards
reorganization of group
companies
Procurement reform
Facility reform
Construction of a
management control
structure and
accounting reform
New
Leader
ship
Crisis
Stabiliza
tion
Organi
zation
al
Chang
e
Strate
gic
Focus
Critical
Proces
s
Improv
ement
Crisis Stabilization
JALI received pay-in totalling 350 billion yen from the Enterprise
Turnaround Initiative Corporation of Japan ("ETIC") and issued
shares to ETIC
New Leadership
Strategic Focus
Stakeholder Management
For group companies, responsibility for profit and loss was clarified;
Reduction in aircraft size through deployment of new small and mediumsized aircraft models
Organizational Change
JALS, JALI and JLC merged, with JALI as the surviving entity
JALI absorbed and merged with JALways Co., Ltd. and JAL LIVRE Co., Ltd
Financial Restructuring
Stock owned by JALS shareholders to be acquired gratis, and all treasury shares
to be cancelled, and JALI to reduce stated capital and capital reserves to zero
For fuel hedge transactions using derivatives, decisions with wide discretionary
latitude to be eliminated, and risk management to be strengthened
Elimination of Debt
On an approximate consolidated basis JAL Group had more liabilities than assets at the
end of March 2010 amounting to 959.2 billion yen. But, according to the
Reorganization Plan there would be a modification of rights, an investment by ETIC of
350 billion yen and recording of business profits etc. which would eliminate the
excessive liabilities by the end of March 2011.
The repayment rate for Reorganization Claims shall be the same for all Three
Debtor Companies; and with the merger, the internal claims among the Three
Debtor Companies will extinguish
The Liberal
Democratic Party
which was always
keen to criticize the
ruling Democratic
Party was the main
opposition to
restructuring of JAL
and had called for
measures to keep
resurgence of JAL in
check
It allegedly lobbied
for concessions
behind the scenes,
such as the
preferential
allocation of landing
slots coming up at
Tokyos Haneda
airport around 2014
Achievements
Thank You