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Drones over U.S. may pose security risks
TOKYO, Aug. 31 (UPI) -- A restructuring plan for Japan Airlines Corp. would erase 16,000 jobs and jettison 49 of the carrier's routes, court papers said.
"Submitting this plan is the start of JAL's reconstruction. We will surely do our best to proceed with this," The Japan Times quoted JAL Chairman Kazuo Inamori as telling a news conference.
The plan also includes a request for the court to waive $6.2 billion of the airline's debt.
Inamori also said he would likely resign by February 2012.
"I would like to be relieved in two years," he said.
Among the changes ahead, the plan, which requires court approval, calls for retiring a number of Boeing 747-400 and Airbus 300-600 planes and purchasing more fuel-efficient models.
Two key government ministers, Seiji Maehara and Finance Minister Yoshihiko Noda, have approved of the plan.
"I believe JAL can implement (the plan) in terms of changing its aircraft and pulling out from unprofitable routes," Maehara said.
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WASHINGTON, Feb. 10 (UPI) --
The Nuclear Regulatory Commission approved the construction of two new nuclear reactors, the first to be built in the United States since 1978.
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ISLAMABAD, Pakistan, Feb. 10 (UPI) --
The last three of 18 new and upgraded F-16 fighter jets from the United States arrived in Pakistan, a report by the Indo-Asian News Service said.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
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