Press: Japan Airlines to sell seven hotels

Japan Airlines has decided to sell its seven hotels here and abroad as it accelerates its efforts to scale back its non-aviation operations, the Nihon Keizai Shimbun reported. The newspaper, without identifying any sources, said six of the hotels would be sold by the end of next month for a total of 75 bln yen or so.

But JAL will continue managing all these hotels—five here, one in Saipan and one in London—through a subsidiary, the Nikkei said.

JAL is also in talks with Keihin Electric Express Railway Co Ltd and Keisei Electric Railway Co Ltd about selling part of its interest in bus operator Airport Transport Service Co and bus depot operator Tokyo City Air Terminal Co, the newspaper said.