Quote: Originally Posted by Truth Detector
And yet, there isn't one tiny shred of evidence any Government run entity in history has been profitable.
I have to laugh at your nonsensical attempts to argue in a vacuum of reality or facts and your trite condescension that I am the one lacking in facts.
Here you go:
After over three decades of service and expansion, the airline was fully privatized on November 18, 1987. In 2002, Japan Airlines merged with Japan Air System, Japan's third-largest airline and became the sixth largest airline in the world by passengers carried.
[ame=http://en.wikipedia.org/wiki/Japan_airlines]Japan Airlines - Wikipedia, the free encyclopedia[/ame]
In addition, this airline even as a private entity is bleeding cash and desperately seeking a Government bailout; which if the lessons have been learned, will not be forthcoming from the Japanese Government as they are in trouble themselves.
I am fascinated how you think that article makes your case or suggests that I am the one lacking facts.
JAL, which lost more than one billion US dollars in the April-June quarter, has asked for another public bailout to boost its capital base, its president Haruka Nishimatsu told reporters after talks with the transport minister.
Japan Airlines requests government bailout
JAL lost about $1 billion last quarter and has been scrambling to put together a revival plan this month to submit to the transport ministry, which is supervising its restructuring after the state backed a 100 billion yen ($1.1 billion) loan.
JAL's Lenders Seek to Carve Out Profitable Operations - Japan * Asia * News * Story - CNBC.com