• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Officials investigate a burnt Japan Airlines (JAL) Airbus A350 plane after a collision with a Japan Coast Guard aircraft at Haneda International Airport in Tokyo, Japan January 3, 2024.  Issei Kato
Officials investigate a burnt Japan Airlines (JAL) Airbus A350 plane after a collision with a Japan Coast Guard aircraft at Haneda International Airport in Tokyo, Japan January 3, 2024. Issei Kato
Home
Business
Aerospace & Defense

Japan Airlines estimates loss of about $105 mln from collision

January 3rd, 2024 | 23:42 PM BUSINESS Aerospace & Defense 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

South Korea estimates North Korea has up to 120 nuclear warheads, far above Trump's figure
Suspected sabotage attack fails to disrupt Milrem deliveries to Ukraine
Defense contractor Lyntris, shareholders raise about $298 million in downsized US IPO
U.S. Army picks Hanwha defence unit for mobile artillery prototypes
By Reuters

Japan Airlines (9201.T) (JAL) estimated on Thursday that the collision of its flight JL516 with a Japan Coast Guard aircraft on Tuesday would result in an operating loss of about 15 billion yen ($104.81 million).

The loss of the aircraft will be covered by insurance, the company said, adding it was assessing the impact on its earnings forecast for the financial year ending March 31.

Insurance industry sources have said U.S. insurer AIG (AIG.N) was the lead insurer on a $130 million "all-risks" policy for the two-year-old JAL Airbus (AIR.PA) A350 widebody jet that was destroyed by a fire after the collision at Tokyo's Haneda airport.

It was the first-ever hull loss globally for the A350 model, according to Aviation Safety Network. The type, made largely from carbon composite, entered commercial service in 2015.

Shares of JAL rose 0.5%, showing a muted reaction to the crash as trading resumed after the New Year's holiday. They initially fell as much as 2.4% before recovering from that drop.

All 379 people aboard the JAL airliner managed to evacuate the burning plane after the collision. Five of six crew on the Coast Guard aircraft were killed in the crash.

Japanese authorities said on Wednesday the passenger jet had been given permission to land, but the smaller plane had not been cleared for take-off, based on control tower transcripts.

Authorities have only just begun their investigations and there remains uncertainty over the circumstances surrounding the crash, including how the two aircraft ended up on the same runway.

Experts stress it usually takes the failure of multiple safety guardrails for an airplane accident to happen.

Separately, nearly 200 passengers were stranded overnight at New Chitose airport near the northern Japanese city of Sapporo, from which flight JL516 had departed, as flights arrived late due to delays, a spokesperson for airport operator Hokkaido Airports said on Thursday.

($1 = 143.1100 yen)

  • Topic
  • Japan
  • AIRPORT/FIRE
  • JAPAN AIRLINES (UPDATE 2, PIX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article South Korea estimates North Korea has up to 120 nuclear warheads, far above Trump's figure

Related Posts

Aerospace & Defense
August 20th, 2026

South Korea estimates North Korea has up to 120 nuclear warheads, far ab...

Aerospace & Defense
August 19th, 2026

Suspected sabotage attack fails to disrupt Milrem deliveries to Ukraine

Aerospace & Defense
August 19th, 2026

Defense contractor Lyntris, shareholders raise about $298 million in dow...

Aerospace & Defense
August 18th, 2026

U.S. Army picks Hanwha defence unit for mobile artillery prototypes

Aerospace & Defense
August 18th, 2026

Ukraine's ousted defence minister calls for wartime elections

Aerospace & Defense
August 18th, 2026

Estonia PM says arson attack on defence contractor may be linked to Russ...

The Wire
Aug 20th 6 h ago
Technology

China puts robocops on traffic duty, minus the arrest power...

Aug 20th 6 h ago
Soccer

Japan's Miura, 59, becomes oldest scorer in Emperor's Cup h...

Aug 20th 6 h ago
Environment

A decade after earthquake, Italy's Amatrice struggles to re...

Aug 20th 6 h ago
ROI: Reuters Open Interest

The Iran war energy crisis is just getting started

Aug 20th 6 h ago
Media & Telecom

'Baby Shark' boy returns to stage as a K-pop singer

TRENDING ON FINANCETIME
Aug 20th, 2026 Litigation

SK Hynix to pay 60% of employee bonuses in company stock under preliminary deal, says source

Aug 20th, 2026 Asia Pacific

Outsider who could decide New Zealand's next government wants to tax wealth, not work

Aug 20th, 2026 Business

Aegon raises share buyback plan to 350 million euros

Aug 20th, 2026 Africa

South Africa's Exxaro half-year profit down 20%, cuts dividend

Aug 20th, 2026 Cricket

Australia look for response to 'Darwin Disaster' in second Bangladesh test

Markets-Sectors
BASIC MATERIALS +1.43%
UTILITIES +0.00%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT