Fry DEJAL(tm)

[FG Lurker]

Would be awesome if Air Canada moved to Haneda too... Fuck Narita!!

[2triky]

Not too far. . this just in. . .

Thanks for the info.

[ketchupkatsu]

Not too far. . this just in. . .

The Honolulu newspapers have posted a little more details on the Hawaiian Air application.

Honolulu Star Bulletin

[Bucky]

"Despite the success of the U.S. government in reaching agreement in principle on a draft Open Skies text, as a practical matter, the skies over Haneda will remain tightly closed," Delta Air Lines said last week in its application to the Department of Transportation for all four slot-pairs.

From the Washington Post

[Kuang_Grade]

From the Washington Post

Ummm, that's from the washington times, a much different paper than the washington post.

[Bucky]

[Mike Oxlong]

Looks like United is going to merge with Continental...

http://online.wsj.com/article/SB10001424052748704302304575214501554530976.html?mod=djemalertNEWS

[IkemenTommy]

Looks like United is going to merge with Continental...

http://online.wsj.com/article/SB10001424052748704302304575214501554530976.html?mod=djemalertNEWS

Will United adopt Continental's service quality? I doubt it.

[2triky]

[GomiGirl]

2Tricky - please include the links when you post articles like this.

[2triky]

2Tricky - please include the links when you post articles like this.

My apologies:

http://finance.yahoo.com/news/United-Air-in-3Bplus-stock-apf-2112292575.html?x=0

[IkemenTommy]

[2triky]

Taxpayers lost 47 bil. yen on JAL / Massive cost of airline's bailout package confirmed for 1st time

The Yomiuri Shimbun

The public financing package extended to Japan Airlines prior to its failure cost taxpayers a total of 47 billion yen, the Board of Audit has confirmed.

It is the first time the total taxpayer contribution--in the form of nonrecoverable loans-- to JAL, which is now undergoing corporate rehabilitation, has been revealed.

The 47 billion yen was a part of a 67 billion yen public financing package extended with a government-backed guarantee to JAL in June 2009, before the airline filed for bankruptcy.

The Board of Audit intends to include the figure in its audit account report, which is scheduled to be compiled in November.

According to the Board of Audit, the loan in question was extended to JAL by the entirely state-funded Development Bank of Japan.

JAL was already in dire financial straits in June 2009, but the DBJ and private financial institutions extended the airline loans worth a total of 100 billion yen.

The central government guaranteed up to 80 percent of 67 billion yen in unsecured loans extended by the DBJ through the government-funded Japan Finance Corporation.

In January 2010, JAL and two of its core subsidiaries applied to the Tokyo District Court for bankruptcy protection and court-administered reorganization in accordance with the Corporate Rehabilitation Law.

The combined liabilities of the three companies was 2.32 trillion yen, the largest liability to have been incurred by any private company outside of the financial industry.

According to the Board of Audit, in July 2010, the DBJ asked the Japan Finance Corporation to pay 53.6 billion yen--or 80 percent of the 67 billion yen, the amount guaranteed by the government--as it believed the airline would not be able to repay its debts to the bank.

The DBJ received the 53.6 billion yen from Japan Finance Corporation in September 2010.

However, in November, the district court approved JAL's rehabilitation plan, under which financial institutions would waive 87.5 percent of the unsecured loans they extended to JAL.

JAL repaid part of its outstanding debt to the DBJ, which then repaid the Japan Finance Cooperation. This lowered taxpayers' burden from the JAL bailout to 47 billion yen.

The DBJ has extended huge amounts in loans to JAL, some of which has been guaranteed by the central government.

As of the end of March 2010, JAL and its subsidiaries' total outstanding debt to the DBJ stood at 555 billion yen.

The DBJ's ultimate losses in the JAL case came to 95.6 billion yen in loans and 20 billion yen in investments.

A public relations spokesperson for the DBJ said, "We can't comment on individual cases."
(Oct. 18, 2011)

http://www.yomiuri.co.jp/dy/national/T111017004863.htm