Financial Times FT.com

JAL hopes to end reliance on bail-outs

By Jonathan Soble and Justin Baer

Published: October 27 2009 18:14 | Last updated: October 27 2009 18:14

The rising sun that adorns every Japan Airlines tailfin seems to mock the company these days.

jla-thumb.jpgThe lossmaking former flag carrier has avoided bankruptcy thanks only to the benevolence of the Japanese state, which in its role as a zealous protector of former national champions is known as as oyakata hinomaru, or “guardian rising sun”.

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