JAL to make TSE return this week

AFP-JIJI

Japan Airlines Co., delisted from the Tokyo Stock Exchange after its bankruptcy in 2010, is set to return to Japan’s biggest bourse this week after a massive overhaul.

The carrier is to begin trading Wednesday following its initial public offering — the world’s second-biggest IPO this year after Facebook — marked a stunning turnaround for one of the nation’s worst corporate catastrophes.

JAL went belly up in January 2010, owing ¥2.3 trillion in one of the nation’s biggest corporate failures, but continued flying while it went through rehabilitation under court protection.