Japan Airlines to return to Tokyo Stock Exchange

Japan Airlines to return to Tokyo Stock Exchange

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After the bankruptcy in the year 2010, the Japan Airlines was delisted from the Tokyo Stock Exchange. But now it is all set to return to Japan’s biggest bourse this week after a huge overhaul and $8.5 billion share sale.

The carrier will begin trading from September 19, 2012 after its initial public offering, which is the world’s second largest IPO this year after Facebook, marked a major turnaround for one of Japan’s worst corporate catastrophes. JAL president Yoshiharu Ueki said that the relisting is a very important milestone for them and something that they had craved but is also just a part of a bugger goal.