Japan Airlines sitting on a wonderful opportunity. So is Cathay. It’s not one world any more
Japan Airlines’ shares may be virtually worthless, as equity investors flee from uncertainty facing the airline and an expected bankruptcy filing, but strategic investors, in the form of US airlines, their alliance and funding partners are scrambling to invest. It is a curious state of affairs, that a seemingly worthless proposition from the point of view of one investment community has such appeal to another.
