JAL COMING OUT OF BANKRUPTCY PROTECTION

JAL, once the world’s largest carrier, is set to emerge from bankruptcy administration this week as a smaller airline more reliant on Asian routes and partnerships. JAL has cut 49 routes, including Sao Paulo, Amsterdam and Milan, and has grounded the last remnants of what was the world’s largest 747 fleet as it cut 103 planes. The Tokyo-based airline has also shed about a third of its workforce since entering court administration in January 2010 following three losses in four years. The carrier has offset fleet cuts by boosting cooperation with partners in the Oneworld grouping, including a venture with