Word: internationale
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Months of speculation came to an end on Tuesday afternoon as Japan Airlines (JAL), the country's 59-year-old flagship carrier that once symbolized the strength of Japan Inc., filed for bankruptcy with two of its subsidiaries. Weighted by debts estimated at $25.6 billion (2.3 trillion yen), Japan Airlines...
JAL will receive an investment of about 300 billion yen ($3.3 billion) from the ETIC, which the flailing airline approached in October, in addition to hundreds of billions of yen in debt waivers from its main lenders. In addition, the ETIC and the state-backed Development Bank of Japan will...
In his view, the government should focus JAL's operations strictly on the domestic market. Japan has only two main carriers for domestic routes, JAL and All Nippon Airways, but both airlines' international routes have to compete with bigger - and healthier - global carriers. Over the last few years, JAL has...
It may be vital for Kraft to be viewed as respectful of Cadbury's British values - especially in the U.K., the world's second largest candy market. But it needn't be unprofitable. Take the Mini, for instance. German automaker BMW, which started producing the cars in 2001 after the...
The same goes for international donor agencies. Afghans may appreciate paved roads or new hospitals "donated by the American people," as the project signs so proudly proclaim, but getting them to like Americans is not going to win the war. Success will only come when Afghans are willing to pay...