Posted by mkmajeed in
Airline Financial News on January 11th, 2010 |
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JAL prepares to file for bankruptcy
Japan Airlines is expected to be declared bankrupt, possibly as early as this week, despite offers of aid from US rivals that could rescue the stricken carrier. The airline, which is the biggest in Asia but is burdened with debts of £10bn, will file for bankruptcy as part of a state-sponsored restructuring...