30-Dec-2009 4:49 PM
JAL bankruptcy? Poised on a knife edge as the government plays hardball
Analysis
As we reported yesterday, the Enterprise Turnaround Initiative Corporation of Japan (ETIC) has now told the Development Bank of Japan and three major banks that they should be prepared for JAL to file for protection from creditors. According to the Nikkei, ETIC would then become a potential "sponsor" of the airline.
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