Orient Aviation

February 2010 > Comment

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JAL's demise a lesson for all carriers

It was a spectacular, although hardly unexpected, fall from grace. Japan Airlines (JAL), Asia’s biggest carrier in revenue terms, had little choice but to file for bankruptcy. With debts of $25.6 billion, more than many of the world’s nations, even signs of market recovery could hardly give shareholders hope JAL could continue in its current form.

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