By Chris Cooper and Kiyotaka Matsuda Jan. 15 (Bloomberg) — Japan Prime Minister Yukio Hatoyama will fix the timing of an aid package for Japan Airlines Corp. today after rejecting a request to support the carrier outside of bankruptcy. “I will meet with the prime minister today and he will decide on the ‘X day’ for JAL,” Transport Minister Seiji Maehara told reporters in Tokyo. JAL has applied for aid from a state-affiliated fund to help restructure after posting three losses in four years and having its own turnaround plan rejected by the government. The carrier’s three biggest listed lenders may approve a state-led plan, centered on a bankruptcy filing, as early as today, according to three people familiar with the situation. Maehara reiterated that JAL would continue flying during the restructuring period. The carrier separately said it received 145 billion yen in financing from a state-owned bank. To contact the reporter on this story: Chris Cooper in Tokyo at ccooper1@bloomberg.net ; Kiyotaka Matsuda in Tokyo at kmatsuda@bloomberg.net
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Hatoyama to Decide `X Day’ for Japan Air Restructuring Today, Maehara Says
