JAL given access to Y100 bil credit line to stay aloft

Wednesday 25th November, 06:56 AM JST

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11 Comments

some14some at 06:43 AM JST - 25th November

Too small. May be 1st installment...will gradually reach upto One Tri Yen (my guess).
biglittleman at 08:22 AM JST - 25th November

Seems like JAL will continue to suck. They won't need to make any changes because they have a "goose that laiys the golden eggs".
minello7 at 08:59 AM JST - 25th November

Why is it that Japanese companies can establish manufacturing plants abroad, hiring local labour,and then all the profits returning to Japan. When the likes of JAL are putting a burden on the Japanese people,when a solution to their problems,ie:American takeover would solve the problem. Here we have dual standards.You have to accept that in todays World and todays ecomomy,corporate takeovers from whatever country or source is the norm. So come on JAL stop looking to the Japanese people to bail you out,accept your failures to run the company profitably.The present board should step down,and bring in some new exectutives with fresh ideas,about how to incorparate JAL into a multinational company(foriegn investment).Remember you owe it to your shareholders.
Beelzebub at 09:14 AM JST - 25th November

Until the 1980s JAL had a captive market, of Japanese who wanted to go abroad but were terrified of being put in situations where they might actually be forced into situations where they would have to speak to a real foreigner in a language other than Nihongo. This explains their infatuation with tours to Hawaii and Guam. But more people found that despite certain inconveniences they could go abroad and eat, sleep and drive using the universal language -- a VISA card -- that required minimal communications. Buoyed by this self-confidence, Japanese no longer demand babysitters at all stages of their international trip. Aside from its tasty in-flight cup ramen snacks, I can't think of any services or amenities that make JAL particularly appealing. Any appeal of its female flight attendants with their mechanically cyborg smiles wore off ages ago.
cracaphat at 09:53 AM JST - 25th November

Delaying tactics to prevent that gaijin airline swooping in.
Yelnats at 02:22 PM JST - 25th November

Visa Card Muah! Pretty funny but true Beez
The758 at 02:57 PM JST - 25th November

I guess I'm the only person on this site who actually likes JAL. I prefer "mechanically cyborg smiles" to having drinks spilled on me, being poked in the side, being yelled at and having to wait 20 minutes for a blanket- all things I've been subjected to on American carriers.

I highly doubt Japan would take kindly to a take-over by an foreign company ... unless they can get someone like Carlos Ghosn in to work wonders.
5SpeedRacer5 at 05:30 PM JST - 25th November

The758. You are not alone. I like J airlines very much. They are expensive, but the service was great last time I checked. They are professional people who have been flying high. Now they are coming to earth... afflicted by all of the problems that US carriers have had for decades.
stirfry at 06:54 PM JST - 25th November

Remember you owe it to your shareholders.

hahahaha since when has a japanese company cared about its shareholders ?
Mark_McCracken at 07:47 PM JST - 25th November

JAL given access to Y100 bil credit line to stay aloft

Clever headline writer or unintentional pun?
ikedunne at 11:10 PM JST - 25th November

Try flying on a US carrier where the union contract says the cabin attendants only have to smile once per flight.

Biggest problem I see is that there are tough choices to make and they won't be made because, as biglittleman says, there's always more where that came from.

Oh by the way..when translating news stories into English...never use the term "scheme".