When Will Ya' Learn? Japan Airlines Bites the Dust for Fourth Time in Ten Years

Although it is Japan's biggest non-financial firm bankruptcy ever, Japan Airlines Corp. will survive and keep flying thanks to a state-supported 600 billion yen credit line, 300 billion yen cash injection, and a forgiven 730 billion yen worth of debt. Shareholders, bond owners, and the upper management team are just out of luck, and/or out of a job.

It’s the fourth time in ten years that Japan Airlines Corp. has been bailed out by its government.