• Kyodo News

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A corporate turnaround body has proposed to the main creditor banks of Japan Airlines Corp. that the carrier’s rehabilitation should focus on court-backed bankruptcy proceedings rather than an out-of-court restructuring centering on a debt waiver, sources said Tuesday.

Transport minister Seiji Maehara meanwhile held consultations with top officials of the creditor banks, including Mizuho Corporate Bank, and requested that the banks provide full financial support for the airline.

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