By Lisa Twaronite JP:9205 JALS.Y TOKYO (MarketWatch) -- Japan Airlines Corp. /quotes/comstock/!9205 (JP:9205 5.00, -2.00, -28.57%) /quotes/comstock/11i!jalsy (JALS.Y 0.52, -0.03, -4.59%) filed for court-led rehabilitation Tuesday, the Japanese equivalent of a Chapter 11 bankruptcy filing, that will allow the carrier to operate as it restructures. The government-backed Enterprise Turnaround Initiative Corp. of Japan will oversee the carrier's rehabilitation and inject 300 billion yen ($3.3 billion) into JAL so that it can continue its operations. The ETIC and and the the state-backed Development Bank of Japan will provide JAL with a 600 billion-yen credit line. JAL and its units will also get 730 billion yen in debt waivers.

source: http://www.marketwatch.com/story//japan-airlines-files-for-court-led-restructuring-2010-01-19

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