Financial Times FT.com

Japan Airlines to sell credit card arm

By Jonathan Soble and Michiyo Nakamoto in Tokyo

Published: October 18 2007 16:51 | Last updated: October 18 2007 16:51

Japan Airlines is preparing to sell its JALCard credit card business in an auction that is attracting interest from Japan’s biggest banks.

Asia’s top airline by sales is in the midst of a restructuring and hopes to return to profit this year after two years in the red. In addition to selling non-core businesses, JAL is shedding staff and overhauling its fleet.

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