Updated: 08/04/2012 02:10

Tokyo bourse approves relisting of Japan Airlines

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The Tokyo bourse has approved the re-listing of Japan Airlines, or JAL, which went bust more than two years ago.

The exchange said JAL will list again on the 19th of next month.

According to Ji-ji Press news agency, the carrier may raise up to US$7.7 billion through the share offering, nearly doubling the money spent to keep the carrier afloat during its restructuring.

The company declined to say how much the offer will raise as the pricing of the deal has yet to be decided.

The listing approval comes a day after JAL said net profit for the April to June quarter more than doubled to over US$344 million.