JAL to make TSE return this week


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.