The government formed a team Friday to discuss measures for financially troubled Japan Airlines Corp., including a bridge loan JAL is expected to need for survival as early as next month and proposed legislation to cut the carrier’s pension benefits.
Following turnaround proposals from the transport ministry’s task force Thursday, JAL has asked for a government bailout through the Tokyo-based Enterprise Turnaround Initiative Corp., which was jointly set up by the government and about 130 private-sector financial institutions to rehabilitate debt-ridden companies.
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