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by Michael J. Shapiro | January 20, 2010

JAL, which includes the companies Japan Airlines Corp., Japan Airlines International and JAL Capital, filed for bankruptcy Tuesday. The companies have filed for protection at the Tokyo District Court under Japan's Corporate Reconstruction Law and now are receiving support from the Enterprise Turnaround Initiative Corp. of Japan. Business operations will not be interrupted, according to JAL, and all ticketing, reservation and frequent-flyer programs remain in effect. According to Reuters, JAL is expected to cut 15,000 jobs and replace old planes in an attempt to free itself from about US$16 million in debt.