With its mainstay international routes hurting, Japan Airlines is looking for an insurance policy at home by acquiring Japan Air System, the nation's third largest carrier. If the proposal is acceptable to competition authorities, the JAL-JAS combination will form an airline that would have had a combined revenue of 2.1 trillion yen ($17.5 billion) in fiscal 2000. Based on 2000 data, the most recent available from the International Air Transport Assn. (IATA), the new entity will be ...
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