KANSAI STRUGGLES TO CREATE PROFITABLE LOW COST MODEL FOR JAPAN’S REGIONAL AIRLINES
August 1st, 2012
BY ROB GILHOOLY, IN TOKYO
When New Kansai International Airport Co. took over the operation of Japan's partly state-run Kansai International Airport facility this April through a plan by the government to jump-start Japan's air travel market, it also took on an estimated Japanese Yen JPY1.3 trillion (USD16.5 billion) in interest-bearing debt.
Kansai seems to have been jinxed. In July 2000, officials made a startling revelation: just six years after opening, the facility, built on an artificial island atop a soft-sand seabed, literally had sunk 12 metres - a rate ...
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