How Japan Airlines cleaned up and got itself ready for its coming IPO
Only a short while ago JAL was stumbling, to speak kindly. Now its partnerships and balance sheet are enviable enough that rivals like ANA are reminding Japanese taxpayers where the money came from.
Excerpt from New York Times via CNBC
Japan Airlines’s initial public offering, expected in September, could be a monster affair.
After a reorganization with the help of Japanese taxpayers, the airline is posting record profits and healthy operating margins. It even expanded on Tuesday morning into budget air travel in a venture with Qantas Airways