Tax Breaks: Jal and Rehabilitation Body

tax breaks: The airline engineered a turnaround and its shares were re-listed on the Tokyo Stock Exchange in September 2012, according to The Japan Times. But ahead of JAL's return to the stock market, the transport ministry drew up a report that stipulated state supervision of the airline was necessary to prevent a company that had received generous public support from distorting the market. Following its bankruptcy filing in January 2010, JAL received 350 billion 3.1 billion from a government-backed corporate rehabilitation body plus tax breaks. Based on the so-called Aug. 10 paper, JAL has faced restrictions on investment and new flight routes. ANA capitalized on JAL's setback to rapidly expand its international flight network. It also received fewer new takeoff and landing slots than rival All Nippon Airways when they were distributed at Haneda airport. (news.financializer.com). As reported in the news.