MIYAZAKI (Kyodo) It seems unusual that a small company would welcome the specter of an economic slump, but one newly born airline views the dreary business climate as a chance to fly high in the Japanese airline industry.
"Under the economic downturn, companies are dropping out of the competition," said Skynet Asia Airways Co. President Shoji Shimoda. "This becomes a major business chance."
The sluggish nature of the global airline industry offers Skynet Asia the chance to hire pilots from bankrupt airline companies at a low cost.