I’m yet to meet a poor wannabe who's parents have been evicted from their home
lol they are hardly likely to come on pprune and say that they have lost their home infact after such an event i'm sure internet connectivity isn't their main priority.
Japan Airlines, the loss-making Asian giant, is to receive a $1 billion government-backed loan to tide it over while management struggles to concoct a “crisis plan” to save the company.
But analysts said that the former state-owned carrier was unlikely to undertake the sort of drastic reform it needs because of pressure from the Government to remain in the role of public service.
Unusually for Japan, the loan will come with the overt condition that JAL visibly improves the way the company is run – to the satisfaction of the Government itself, much like the company operated before privatisation.
That restructuring process is expected to see a significant portion of its existing route network “scrutinised”, though not necessarily cut back, along with other long-overdue changes to management structure.
Japan Airlines gets $1bn government bailout - Times Online
will BA go the same way?
Troubled SkyEurope files for creditor protection
Embattled Central European budget carrier
SkyEurope Airlines has voluntarily filed for creditor protection by a Slovak court in order to restructure its troubled operations.
The carrier says it will continue "full operation" of flight schedules, preserve jobs and honour both current and future air tickets.
SkyEurope says the decision to file with the Bratislava district court will give the company "time to improve liquidity" and restructure its debts. The airline says these debts have been "a barrier" to external investors.
Chief executive Jason Bitter says the filing is a "good step" for the airline, allowing it to operate without disruption during the reorganisation process.
Troubled SkyEurope files for creditor protection
UPDATE 1-Virgin Atlantic orders 10 Airbus A330 jets
* Says deal worth $2.1 billion
* Five aircraft to be delivered in 2011, five in 2012
(Writes through)
HEATHROW, England, June 22 (Reuters) - Privately-owned airline Virgin Atlantic [VA.UL] has placed an order for 10 Airbus A330-300 aircraft (
EAD.PA), the company told Reuters on Monday ahead of an official announcment at London's Heathrow airport.
UPDATE 1-Virgin Atlantic orders 10 Airbus A330 jets | Industries | Industrials, Materials & Utilities | Reuters
