Japan Airlines Corp. submitted its rehabilitation plan Tuesday to the Tokyo District Court, including a request for a ¥521.5 billion debt wavier, paring 16,000 jobs, retiring fuel-guzzling airplanes and shedding 49 unprofitable routes.
"Submitting this plan is the start of JAL's reconstruction. . . . We will surely do our best to proceed with this plan," JAL Chairman Kazuo Inamori told a news conference.
Inamori also said he is thinking of stepping down in two years, citing his age and JAL's rebound in its mainstay business in recent months.