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.
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