Japan Airlines Set for Bankruptcy as Hatoyama Abandons Bailouts

http://www.bloomberg.com/apps/news?pid=20601087&sid=asaNsYIcCB3Y&pos=2

“Bankruptcy is the best way to ensure a speedy revival for JAL,” said Osuke Itazaki, an airlines analyst at Credit Suisse Group AG in Tokyo.

JAL may also re-emerge from bankruptcy because of the pre- planning that is going on and the support the carrier is getting from the government, said Basu.

“The ideas behind the filing process looks good and well in place,” he said. “The only cause of concern would be how they are implemented.”