After about a month of evaluating the assets of Japan Airlines Corp., the transport ministry and a reconstruction task force said Thursday that the struggling carrier needs to go through reconstruction under the Enterprise Turnaround Initiative Corp.
JAL released a statement saying it has begun consulting with ETIC on seeking its help for reconstruction.
ETIC is a Tokyo-based corporation jointly set up by the government and about 130 private-sector financial institutions to rehabilitate debt-ridden companies.