03-Jun-2009 10:50 AM
Japan Airlines, Air China, Air India and Thai Airways headline Asia Pacific bailout/debt binge
Analysis
Asia Pacific aviation has entered a dark chapter, with billions in state cash and bank borrowings being directed to the support the beleaguered sector. Japan Airlines is to receive JPY100 billion (USD1 billion) in emergency loans from the state-backed Development Bank of Japan and a syndicate of Japan's three biggest banks. JAL's shares eased 0.5% yesterday.
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