| Japan Airlines is expected to report a heavy loss Friday for its fiscal first half ended Sept. 30, increasing pressure on the carrier and the Japanese government to develop a restructuring plan to help assure investors and customers that the troubled company won’t collapse.”We will not create a situation in which airplanes do not fly,” Transport Minister Seiji Maehara insisted to reporters, adding that short-term government financing and other rescue measures could be unveiled this week in advance of the earnings release. JAL’s turnaround is expected to be overseen by the Enterprise Turnaround Initiative Corp. of Japan, a newly created quasi-government entity designed to help rescue struggling companies. |
