2010 Year of the Asian Airline Bailout: China Eastern, Air India, JAL, THAI, MAS & Garuda
Embattled Asia Pacific airlines will receive multi-billion dollar bailouts under the guise of restructuring programmes this year. Japan Airlines, China Eastern Airlines and Air India are requiring the biggest surgery, while Garuda Indonesia, Thai Airways and Malaysia Airlines form a second tier of carriers needing government assistance to help them resolve past - and recent - struggles. In all, these six airlines are set to receive well over USD10 billion in bailouts in the first three months of 2010, according to the Centre for Asia Pacific Aviation's estimates of recent news reports in its Asia Pacific Airline Daily report.