[华尔街日报亚洲版]-WSJA-110110-A-COMPLETE.pdf

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Rusal IPO: protecting small Malaysia’s church bombings
investors or missed opportunity? underline need for reform
THE VIEW FROM HONG KONG 19 EDITORIAL & OPINION 13
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VOL. XXXIV NO. 93 (India facsimile VOL. 1 NO. 154) ** ASIA Monday, January 11, 2010
asia.
JAL nears bankruptcy protection
By Mariko Sanchanta of the country’s biggest insol- that JAL, Asia’s leading car- JAL. Executives from Ameri- tance of the Japanese carri- ter. The Enterprise Turn-
vencies ever and signals that rier by revenue, undergo a can are headed to Tokyo this er’s access to lucrative Asian around Initiative Corp., the
Momentum is gathering the new administration in To- modified version of a court- week to continue negotia- markets. The size of the poten- state-backed body responsi-
for Japan Airlines Corp. to kyo, led by Prime Minister led rehabilitation process, ac- tions; the . carrier has in- tial stake in JAL is unclear; un- ble for rehabilitating JAL,
file for the Japanese equiva- Yukio Hatoyama, is set to deal cording to a person familiar creased its offer to invest in der Japanese law, foreign car- wants to install new manage-
lent of Chapter 11 bankruptcy with JAL—which has received with the situation. The pro-