Aviation News

June 20, 2012

Watch Out Facebook: Japan Airlines to Launch Year’s Second Largest IPO

More articles by »
Written by: admin
Tags: , ,
The first Japan Airlines Boeing 787 Dreamliner. (Photo by Dan King)

Japan Airlines filed paperwork on Wednesday which will allow the company to launch an $8 billion initial public stock offering on the Tokyo this September.

The IPO would be the second largest of 2012 by dollar amount, following the $16 billion raised by Facebook in late May. It would also ring up to be the seventh largest in Japanese history.

Once racked with $25 billion in debt, JAL has recently returned to profitability following a massive restructuring over the past two years, laying off 16,000 employees and shedding over 100 aircraft, including its entire Boeing 747 fleet.

The Japanese government, which provided JAL with about $4.5 billion in financing during the turmoil, would earn a hefty return on its investment through the IPO.



About the Author

admin





 
 

 
Another angle of are the burnt Boeing 787 battery that caught fire in Boston. (Photo by NTSB)

787 Fire Investigation Now Focusing On Individual Battery Cells: NTSB

Investigators looking for the cause of January 7's Japan Airlines Boeing 787 fire in Boston are working through the three-day weekend.
by admin
0

 
 
An ANA Boeing 787-8 Dreamliner at the gate at Tokyo-Haneda Airport. (Photo by Inaba Tomoaki, CC BY-SA)

Investigators Begin Analyzing Boeing 787 Black Box

US and Japanese officials Saturday began analysing the black box of the 787 plane forced into an emergency landing this week.
by AFP
0

 

 
ANA Boeing 787 Dreamliner emergency landing. (Screenshot from NHK)

ANA and Japan Airlines To Ground All Boeing 787 Dreamliners After Latest Glitch [UPDATED]

All Nippon Airways will ground its entire fleet of 787 Dreamliners after one of their planes made an emergency landing in Japan Wednesday.
by admin
0

 
 
A Finnair E-170 in Helsinki prepares for departure to Brussels. (Photo by comedy nose)

Finnair ‘Cannot Confirm Rumors’ About CEO Stepping Down

Finnair issued a statement Tuesday saying it was unable to confirm what it called "rumors" of the chief executive stepping down.
by AFP
0

 
 
Japan Airlines Flight 007 pushes back from Boston's Terminal E for departure to Tokyo. (Photo by Bill Vogt/NYCAviation)

Japan Airlines 787 Suffers Another Fuel Spill

A Japan Airlines Boeing 787 that suffered a fuel spill in Boston on Wednesday again leaked fuel in Tokyo on Sunday, according to a report.
by admin
1