Rumor: JAL to file for bankruptcy at 0800GMT today

According to The Wall Street Journal, Japan Airlines will file for banlruptcy at the Tokyo District Court at 0800 GMT Tuesday. Then it will hold a briefing on the restructuring plan at 1030 GMT. The new CEO Kazuo Inamori will take over the job as the new JAL chairman and CEO on February 1 2010. And on top of the staff and pension cuts, 17 international and 17 domestic unprofitable routes will be suspended.

So there are a few hours left...for now i will wait patiently and enjoy the Kameda rice crackers (the one served on JAL flights) with JAL Ginza coffee. Hopefully the coffee is more powerful than the cold medicine and will keep me awake (yes I get sick on the day JAL file for bankruptcy or should I say I get sick because of this LOL)