Gov't to take charge of JAL turnaround

Thursday 29th October, 05:57 PM JST

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12 Comments

some14some at 07:34 PM JST - 29th October

Go ahead use public funds no serious consequences except that internal debt will go up by few billion yen and future generation will be there to take care of it. on a side note: I seldom fly by JAL.
roomtemperature at 08:43 PM JST - 29th October

"on a side note: I seldom fly by JAL."

For you it's far from just a "side note", some14some.
cow76 at 08:52 PM JST - 29th October

I don't hear you touting the alternative though some14some. You'd be happy to let a massive company go under and leave Japan with less airlines than Australia? The fact that tens of thousands of jobs would be lost along with billions in revenue doesn't matter at all?
tshirt at 10:54 PM JST - 29th October

The jobs won't be lost, other airlines will take up the slack. JAL has been greatly mismanaged, to the tune of a few billion dollars. There are a lot of JAL retirees who collect very nice pensions... they've refused to take a cut and I guess have the political clout to let the taxpayers pick up the slack.
zurcronium at 10:57 PM JST - 29th October

Another market failure that government must correct. If JAL went out of business all of Japan's transportation system would go haywire. However, the government needs to put people in place who can restructure the company without interference.

Many useless airports need to be closed.
Sarge at 11:02 PM JST - 29th October

"Another market failure that government must correct"

Yes, I'm sure the government can run JAL and make a nice profit! Wait a minute... isn't the government in even deeper debt than JAL?
usaexpat at 11:13 PM JST - 29th October

So essentially I was right when I said nationalize JAL. JAL is the defacto national airline of Japan and shouldn't be allowed to go under. On a personal note when I fly back to Chicago I don't want to have to take American or Northworst.
bluecactii at 11:24 PM JST - 29th October

What does the J-gov't know about running an airline? "Another market failure that government must correct" The Japanese airline industry hardly operates in the free market.
anderstungtwist at 01:15 AM JST - 30th October

You'd be happy to let a massive company go under and leave Japan with less airlines than Australia? The fact that tens of thousands of jobs would be lost along with billions in revenue doesn't matter at all?

You mean "fewer" airlines.

The jobs would not be lost. They would be reallocated to more productive industries. This is the capitalist system. If billions in revenue were there to be lost, JAL wouldn't be in this mess.

Yes, I'm sure the government can run JAL and make a nice profit! Wait a minute... isn't the government in even deeper debt than JAL?

The government will run JAL into the ground, no pun intended. Yes, the government has debt, but only 10% is owed to foreign creditors. They would just take money from one pocket and put it in another.
NeoJamal at 04:59 AM JST - 30th October

Wouldn't it be more efficient for ANA to operate as a FTC regulated monopoly?
anderstungtwist at 08:11 AM JST - 30th October

Wouldn't it be more efficient for ANA to operate as a FTC regulated monopoly?

No. Look at ticket prices in the days of regulation.
kenchan at 09:18 AM JST - 30th October

I always laugh at these kind of stories as it leads some people to think that the govn't could run these firms better....we all know how efficient the civil service can be! yeah right!