JAL is being courted by Delta Airlines and American Airlines at the same time. JAL?s network would like to extent their hold in Japan and rest of the Asia; they have made rival offers of economic support.

We would make decision in early January about that which overseas partner we will choose. Numbers of scenarios for the reorganization of Asia’s major carrier by income.

Currently JAL’s share price is steady at around 100 yen which was suggestive by investors see an out-of-court reorganization beneath the sponsorship of the state-backed Enterprise Turnaround Initiative Corp of Japan (ETIC).

In end of the October JAL applied to the ETIC for support. They has finished initial due industry on JAL?s property, they have said that they are planning to reduce the debts of JAL?s.

It is the request from ETIC?s for debt forgiveness which is around 250 billion equal to $2.7 sought by Govt. official forced the worked on JAL?s revival plan.

The creditors really keen to work with the ETIC to make JAL out of bankruptcy, there could be some requirements to make deal appropriately.