Bankruptcy protection imminent for Japan Airlines

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Bankruptcy protection imminent for Japan Airlines

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01-19-2010, 10:25 AM

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Bankruptcy protection imminent for Japan Airlines

Japan Airlines (JAL) is expected to file for bankruptcy protection today in a move that will see the loss of 15,000 jobs at Asia’s largest carrier.Shares in the troubled airline have been plummeting over recent days as a bankruptcy filing seemed unavoidable. Yesterday, shares fell to a fresh low of 5 yen, having fallen as [...]

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