Arab Today, arab today jal shares rise after japan relisting
Last Updated : GMT 07:09:39
Arab Today, arab today
Arab Today, arab today

JAL shares rise after Japan relisting

Arab Today, arab today

Arab Today, arab today JAL shares rise after Japan relisting

Tokyo - AFP

Shares in Japan Airlines (JAL) shot up more than three percent in early trade on Wednesday as the once-bankrupt company was relisted on the Tokyo Stock Exchange. The carrier was at 3,905 yen, up 3.03 percent on the offer price, three years after it became one of Japan's biggest ever corporate failures. The strong early performance comes after an $8.5 billion offering, the world's second biggest this year after Facebook. JAL's rebirth marked a stunning turnaround for the airline after it crashed into insolvency, owing 2.3 trillion yen ($29 billion) in one of the nation's worst corporate meltdowns. The embattled airline continued flying while it went through a rehabilitation process under court protection. The carrier, recently touted as the world's most profitable airline, received a huge government bailout and other concessions, drawing howls of protest from rivals including All Nippon Airways (ANA). Company President Yoshiharu Ueki told Dow Jones Newswires investors had questioned whether JAL could sustain its rapid upwards trajectory. "I'm confident that in five years, in 10 years our growth will still be sustainable," he said, citing the impact of restructuring. Ueki said the current precarious relations between Japan and China, who are embroiled in a worsening spat over disputed territory, would not have too much impact the airline. He said managers had experience of how to deal with a sudden fall in passenger numbers, citing the demand drop-off in the aftermath of last year's earthquake and tsunami. "We already have a core structure in place enabling us to act quickly," he said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jal shares rise after japan relisting Arab Today, arab today jal shares rise after japan relisting

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday