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January 19, 2010
Japan’s top airline goes bankrupt, leaving 16,000 jobless

In a new setback for Japan today, Japan Airlines, the country’s top carrier, filed for bankruptcy protection. The company is staggering under almost $26 billion in debt.

It will cut almost 16,000 jobs, reduce pensions and cut routes. The airline will also be removed from the Tokyo Stock Exchange next month, wiping out investors.

Here’s how Deutsche Welle, our German partner, covered the demise of a Japanese giant.

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