TOKYO, Japan -- Hokkaido International Airline plans to file for bankruptcy, seven years after its inception, sources suggest.
It would be the first airline to fail in Japan since the industry opened up in 1997. It is looking to restructure with help from All Nippon Airways, Japan's No. 2 carrier.
The airline is known as Air Do. Its troubles illustrate the difficulties of an upstart airline going wing to wing with Japan's entrenched carriers.
for more go to http://europe.cnn.com/2002/BUSINESS/asia/06/24/japan.airdo/index.html
Photo © Takuji Sohmura