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JAPAN: JAL succumbs to bankruptcy protection

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In one of Japan’s biggest corporate failures, Japan Airlines has applied for protection from creditors under the Corporate Rehabilitation Law — Japan’s version of the US’ Chapter 11 — with the Tokyo District Court. The axe has finally fallen at Japan Airlines (JAL) with the beleaguered carrier filing for court-protected bankruptcy and turning to Japan’s stateowned Enterprise Turnaround Initiative Corporation (ETIC) for … [Read more...] about JAPAN: JAL succumbs to bankruptcy protection

‘One man’s junk, is another man’s treasure’

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We can’t think of a better tagline than that for this next item. Remember the so-called ‘Miracle onthe Hudson’ last year? You may recall the US Airways Flight 1549 that ditched safely in the icy waters of New York’s Hudson river with 155 people onboard after an unsuccessful duel with a flock of Canada Geese. Well, now you have a chance to buy a, rather big, piece of history because the A320-214 is now up for sale! Listed for sale “AS IS/WHERE … [Read more...] about ‘One man’s junk, is another man’s treasure’

Cargo uplift

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You know times are tough in the airline business when carriers start trying to entice travelers with boob jobs, hair replacement surgery and face lifts! Free flights, hotel rooms and magazine subscriptions obviously don’t cut it anymore with bargain hungry passengers. Now, Finnair, Finland’s biggest airline, has come up with a whole new idea for attracting frequent flyers: Free plastic surgery in exchange for air miles. Breast implants, hair replacement surgery or a … [Read more...] about Cargo uplift

Tony Fernandez the school girl?

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Tony Fernandez the school girl? This one left us speechless. But being uncommonly speechless gave us an idea! We’ll let you caption it.... email the bellyachers (see address below) your brightest, funniest, most wicked caption and we’ll run the photo again with the top ten best captions we receive! Don’t worry we’ll keep your identity secret! [email protected] — We want your stories! We know you have a million whacky, twisted, … [Read more...] about Tony Fernandez the school girl?

Asia will contribute 40% of global trade by 2028

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“Asia’s economies, particularly China and to a lesser extent India will remain the centre of gravity for trade,” said Hermann Ude, CEO for DHL Global Forwarding, Freightduring the APEC CEO Summit 2009. “The search for resources and export markets is a key driver of Asia’s economic growth and expansion. Rich in natural resources, with a large population of youthful, increasingly well-educated workforce and a growing middle class – this is the … [Read more...] about Asia will contribute 40% of global trade by 2028