The new boss of JAL says his company executives were unfit “to run a greengrocery”.
March 18: News agency AFP reports that the new Chief Executive Officer of Japan Airlines, Kazuo Inamori, who took over the struggling company JAL in January has said his company executives were unfit “to run a greengrocery”.
Inamori aims to return JAL to profitability by the autumn, but hinted to reporters that his assessment of the airline’s prospects had become “gloomier” since taking over.
JAL was declared bankrupt in January but a state-led recovery package has been put in place to try and overcome the airline’s reported $26 billion debt. JAL’s new President Masaru Onishi, plucked out of retirement by Prime Minister Yukio Hatoyama, says the company may discard its cargo flights as part of the recovery plan.