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JAL will file for bankruptcy protection ...
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yummygd
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19-Jan-2010 15:20
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because everyone think that tiger is ah sia gia...anything rich parents will bail out.but i doubt SIA has such maternal instinct....if it was cheaper i might have consider but 1.5 so ex!! |
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nickyng
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19-Jan-2010 15:08
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hmm...quite ironic say? looking at our own TigerAir going IPO this Fri...wat does this reflect? this burger is lossing $$ year in and year out.....gee..it does pay to have a RICH$$$ parent -> SIA !! :D |
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rpires
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19-Jan-2010 14:44
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actually JAL is not making money is not new stories. but never could their creditors predicted Japan govt would not prevent it. well, new govt new style. |
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nickyng
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19-Jan-2010 14:39
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gee...toking abt recovery... :P (JALS.Y 0.52, -0.03, -4.59%) will file for bankruptcy protection at the Tokyo District Court at 5:00 pm Tokyo time (3 a.m. U.S. Eastern time) Tuesday, Dow Jones Newswires reported, citing people familiar with the situation. The airline's shares will be delisted from the Tokyo Stock Exchange, and 15,700 jobs will be cut over three years along with about a quarter of JAL's group companies, the unnamed sources said. Also, 17 loss-making international routes and 17 domestic routes will be eliminated. On the Tokyo Stock Exchange, JAL shares were down 20% at 4 yen (4.1 U.S. cents) ahead of the filing. |
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