JAL denies CEO leaving

Bloomberg has an updated report regarding the latest JAL rumor. Most of it are repeat of what other reports say, the only piece of new information is Japan Airlines spokesperson denies rumor about the CEO Mr. Nishimatsu will step down. It also quotes Kyodo News saying JAL will consider filing bankruptcy if talks with creditors fail. But I would say no need to panic now as the Japan Aviation Minister said the restructuring is going smoothly. I have faith that he Japanese government won't let JAL ceases operation.