Japan Airlines (JAL), which had Japan's largest-ever nonfinancial bankruptcy in 2010, will relist its shares on the Tokyo Stock Exchange next month, the Financial Times reported.
JAL plans to raise about $8.5 billion, making it the largest Asian public offering of the year and the second-largest in the world after Facebook, the newspaper said.
JAL this week also reported that its net income for the quarter ended June 30 more than doubled from a year earlier, to about$342.3 million. Revenue was up 12%, to about $3.65 billion.
JAL had more than $25 billion in debt when it filed for bankruptcy in early 2010.
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