JAL memo: Announcement of completion of corporate reorganization proceedings
28-Mar-2011 Former Debtor Company Japan Airlines International (hereinafter Japan Airlines International) with the approval from the Tokyo District Court, procured a total of 254.96 billion yen from 11 financial institutes including from primary creditors and today, made a one-time, full repayment of Reorganization Claims amounting 395,145.57 million yen.
In accordance with Article 239, Section 1, Sub-section 2 of the Corporate Reorganization Act, Japan Airlines International declares with this announcement, its completion of the Corporate Reorganization Proceedings after receiving the Tokyo District Court's decision to complete the Corporate Reorganization Proceedings.
Japan Airlines International extends its deepest gratitude to all creditors, customers and related parties who have provided valuable support and assistance during this time.
Under the leadership of the newly-appointed board of directors, Japan Airlines International will direct all efforts towards rebuilding the business. It will also fulfill its responsibilities as a public transport operator and continue contributing as much as possible to the regions in Japan stricken by the recent natural disaster.