Prime Minister Naoto Kan has accepted the rehabilitation plan of embattled Japan Airlines Corp., transport minister Seiji Maehara said Monday.
Maehara said he would brief other Cabinet ministers on the plan Tuesday, the same day it is due to be presented to the Tokyo District Court.
JAL Chairman Kazuo Inamori is scheduled to officially announce the plan at a news conference Tuesday evening.
It features a ¥521.5 billion debt waiver, a ¥350 billion investment in JAL by Enterprise Turnaround Initiative Corp. of Japan, 16,000 job cuts in the JAL group by the end of March and termination of 45 domestic and international routes.
The airline is trying to turn itself around under government supervision.
Logo praised
The head of the U.N. Convention on Biological Diversity visited Tokyo's Haneda airport Sunday to see a Japan Airlines jetliner bearing on its fuselage the logo of a U.N. conference on biodiversity scheduled for October in Nagoya.
Ahmed Djoghlaf, executive secretary of the Convention on Biological Diversity, said after looking at the plane that he hopes it enhances passenger awareness of biodiversity.
The logo features colorful origami paper folded in the shapes of humans and animals arranged in a circle to represent the coexistence of life.
