Japan's Hokkaido International Airlines, better known as Air Do, has filed for bankruptcy protection. Launched in 1998, the low-fare carrier finished its fiscal year in March with 824 million yen (US$6.8 million) in losses and debts of some 6 billion yen (US$49 million). Air Do could get some help from All Nippon Airways, which is in talks with the carrier for a wide-ranging alliance.
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Air Do Files For Bankruptcy Protection".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.