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Japan’s government is in no mood for a huge bailout plan for ailing airline ANA, sources say, preferring a piecemeal approach to direct capital injections — a stark contrast to the bold moves other countries have made to protect flagship carriers.

Forecast to suffer a net loss of around ¥500 billion ($4.8 billion) in the fiscal year to March, Japan’s largest airline is expected to announce a revival plan next week that will most likely include pay cuts and reduction in its fleet of aircraft.

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