JAL considers sale of cargo unit

JAL considers sale of cargo unit Japan Airlines is considering selling a 50 percent stake in its cargo business as it seeks to improve a faltering bottom line hit by rising oil and labor prices.
   Japanese and international media outlets reported this week that JAL is also looking to raise $1.3 billion from creditors and business partners. The sale of its cargo business could net as much as double that amount.
   A Reuters report suggested that JAL has been passed by Japanese rival All Nippon Airways because ANA has employed a strategy of using smaller, more fuel efficient planes in recent years.
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