Thursday, 24 September 2009

*BREAKING* JAL goes into full tailspin - Requests Bailout

JAL is really in a tailspin as reported on GhettoIFE earlier this month.

Well things are going bad to worse with JAL formally requesting Japanese government bailout funds, and the search for a new partner is growing more intensive, with a solution reached by Mid-October.

It's still a contest between Air France-KLM, American Airlines, Delta Airlines 

Bleak times ahead for the staff involved with 6800 jobs going, and route cutting a plenty.

Alas with a combination of the rescission and Swine Flu, JAL really has been hit very bad in comparison to some members of OneWorld.

Sources:
http://news.bbc.co.uk/1/hi/business/8272234.stm
http://www.flightglobal.com/articles/2009/09/24/332700/jal-to-seek-government-bailout.html

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