ANA, Skymark and Korean Air to benefit from JAL bankruptcy: SHARE WRAP

Japan Airlines’ shares slumped 12.5% on Friday, following a 14.3% gain on Thursday, on news that Asia’s largest airline by revenue will file for bankruptcy protection as early as tomorrow (19-Jan-2010), as part of a restructuring programme being crafted by the state-backed Enterprise Turnaround Initiative Corp of Japan (ETIC)

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