Outsider Considered for JAL CEO

The government-backed body drawing up a proposal to restructure Japan Airlines Corp. hopes to bring in an outsider with no aviation experience as a successor to current Chief Executive Haruka Nishimatsu, according to a person familiar with the matter, The Wall Street Journal reported. If successful, the move would mark the first time that JAL would be headed by an outsider with no aviation experience, underlining the severe degree of change facing the cash-strapped carrier. The Enterprise Turnaround Initiative Corp. of Japan, an entity with access to taxpayers' funds, has asked a Japanese manufacturing executive with turnaround experience to head the embattled airline, though it has a shortlist of other Japanese executives from outside the company in case its first choice refuses, according to the person familiar with the matter. Due to the numerous injections of taxpayer money into JAL the past decade, ETIC is pushing for a more dramatic restructuring to placate the public, including an outside CEO, the person said. Read more. (Subscription required.)