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JAL POISED FOR RECOVERY

JAPAN, Moody’s Investors Service today revised its debt-rating outlook on Japan Airlines Co. to stable from negative, but confirmed a speculative-grade Baa3 rating on the airline’s senior debt. This favourable situation occurred when the airline liquidated unprifitable non-airline routes into two new lower-cost subsidiaries, JALways and JAL Express.

AVIONEWS - World Aeronautical Press Agency - 2029

AVIONEWS - World Aeronautical Press Agency
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