Chairman of Japan Airlines Corp. named Kazuo Inamori said on Wednesday that the struggling company might not be able to enhance its capital by fifty billion yen by the end of March as it initially was looking for.

Rejecting proposals from American's U. S. rival Delta Air Lines Inc., Japan Airlines Corp. on Tuesday have indicated its willingness for continuing its already existing alliance with AMR Corp.'s American Airlines.

All Nippon Airways Co. (ANA) has renewed its warning about the restructuring of Japan Airlines Corp. as it was alarmed by the quantity of the involvement of the government in it, and the reason was stated to be the fact that the overhaul which is supported by the state could seriously lessen the airline industry's competition which is not exactly healthy or good for the industry.

Oneworld, the alliance of global airlines that includes the struggling Japan Airlines Corp., has tried to put the concerns of passengers at rest by assuring them that the code-share and frequent- flyer arrangements will continue as normal even after the Tokyo-based carrier's bankruptcy filing.

Japan Airlines Corp, Asia's leading airline, is expected to file for bankruptcy protection on Tuesday, becoming one of the Japan’s biggest-ever corporate failures.

Japan Airlines Corp., the biggest airline in Asia, has reported a third consecutive loss of $1 billion for the April-June quarter.

JAL held decline in ticket sales due to fears of swine flu and weak economy responsible for the loss.