Financial Times FT.com

Government ‘cannot allow’ JAL bankruptcy

By Jonathan Soble

Published: September 17 2009 19:43 | Last updated: September 17 2009 19:43

Japan’s transportation minister sought on Thursday to allay concerns that the country’s new centre-left government might withdraw financial support for Japan Airlines, the loss-making carrier that is seeking at least Y100bn ($1.09bn) in emergency aid.

Seiji Maehara, who assumed the transportation post on Wednesday, said: “Japan’s skies have always had two airlines, and it’s important that we continue with a system of two major airlines. We absolutely cannot allow a bankruptcy.”

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