Japan Airlines, or JAL, the largest airline by revenue in Asia, unable to withstand the financial burden. Unorganized management for many years, operational costs continue to rise, and pension costs are strangling the neck is not matched by an increasingly eroded revenue. Tough competition and the drop in passengers suffering JAL adds.
JAL eventually declared bankruptcy and asked for legal protection in order not required creditors to auction off assets cheaply with the risk of not having the opportunity to restructure. Continue reading ‘End of Golden Age Japanese Economy’
