May call on Nomura, Deutsche for recovery

Japan’s corporate revitalisation body may hire Nomura Holdings Inc and Deutsche Bank AG to advise on Japan Airlines Corp’s $25.6 billion bankruptcy, three people familiar with the plan said.

Enterprise Turnaround Initiative Corp of Japan may appoint Nomura and Deutsche’s investment banking units to help return the nation’s biggest carrier to profitability, said sources, who declined to be identified.

The carrier has seen the country’s fourth-largest bankruptcy.