Japan Airlines to file for bankruptcy on 19-Jan-2010 UPDATE: Shares Plunge

Japan Airlines (JAL) reportedly plans to file for bankruptcy on 19-Jan-2010 and embark on a government-led turnaround. JAL's stock plunged after the Monday national holiday, ending the Tuesday morning session at JPY37 - JPY30 below Friday's close. Sell orders for more than 600 million shares were left unfilled, according to a report in the Nikkei.

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