Embattled Japan Air Lines is set to have a new CEO, the 77 year old founder of electronics company Kyocera, Kazuo Inamori. He will replace Haruka Nishimatsu, who had indicated he would resign as part of the airline’s restructuring.
JAL is expected to soon file for bankruptcy as it deals with the burden of US$16 billion of debts. It’s restructuring under bankruptcy protection laws will see about 13,000 staff sacked and up to two dozen routes cut, according to reports quoting sources.
