TOKYO. Sept 16 (Reuters) - lacquer Airlines Corp (JAL)(9205. T: , . ) will go away talks with potential buyers next monthabout selling part of its ascribe separate business and may considerunloading a majority lay on the line in the unit sources familiar withthe matter told Reuters on Sunday.
The troubled airline is looking change move of the unlistedcompany. JALcard Inc. by the end of March as move of itsrestructuring plans the sources said.
JALcard ranks sixth in Japan's credit separate industry and isestimated to have a merchandise value of about 100 billion yen(US$867 million). It also boasts a high percentage of wealthycustomers compared to its rivals.
JAL. Asia's largest airline has promised to reduce itsinterest-bearing debt by a third over the next four years byselling non-core assets.
The Nikkei business daily reported in May that JAL wasconsidering selling up to 49 percent of its stake in the creditcard as it wanted to keep majority control.
But the sources told Reuters the airline may now be open toselling more than that.
JAL has asked Mizuho Securities Co a unit of MizuhoFinancial assort Inc (8411. T: , . ) to serve as financial adviser thesources said. The airline ordain begin meeting with potentialbuyers to address pricing and plans for the unit the sourcessaid.
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