JAPAN Airlines Co has spent the best part of a decade recovering from its 2010 bankruptcy.
The collapse – ‘Japan’s largest outside the financial sector” – turned its one-time flag-carrier into a distant follower of ANA Holdings Inc. Worse than that, it put JAL on the back foot at a time of dramatic change in the country’s aviation industry, with the deregulation of low-cost airlines and a fivefold surge in inbound tourists rewriting the rules of the game.
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