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Sunday, October 11, 2009

Rumor: Alternative Dispute Resolution for JAL?

Yomiuri News reports that JAL may use the Alternative Dispute Resolution (ADR) to resolve its financial problems.

So under ADR, JAL and the 20 financial institutions will reach an agreement and reduce JAL debts. Remember JAL is the most in-debt carrier in Asia. The interest alone will costs JAL a fortune every quarter. If this works, it will definitely reduce JAL burden. JAL may not even need further bailout money from the government. But of course that option is always available too.

Source: Bloomberg

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