Tokyo (ANTARA News/Asia Pulse) - A bankruptcy filing by Japan Airlines Corp. (TSE:9205) could adversely impact small and midsize firms, which account for about half of the roughly 3,000 companies that do business directly with the carrier, according to Tokyo Shoko Research Ltd.

A survey completed Wednesday shows that firms with less than 1 billion yen (US$10.9 million) in sales make up about 1,500 of JAL's 2,910 corporate clients in Japan. Another 10,424 companies do business with them.

JAL's commercial debts will be secured when it enters court-led rehabilitation.


Source:
Business in Asia Today - Jan 14, 2010
published by Asia Pulse