Japan Airlines bankrupt, Tiger Airways IPOs; a sign of the changing times
It is one of those ironies of fate that Japan Airlines (JAL), Asia's biggest and oldest full service airline, should be bankrupted in the same week as one of the newest and smallest LCCs, Tiger Airways, manages a successful IPO. Or perhaps it is simply a sign of the times. JAL's hideously costly operation could not contrast more starkly with Tiger Airways' aggressively low cost, no frills operation.
