EgyptAir get bailed out but LJ Air is gone, as AirAsia Japan gets pilloried

Egypt’s Finance Ministry has confirmed that it will be propping up the flag carrier EgyptAir with a guarantee of long-term financing of E£3bn ($191m). At the same time the Egyptian Presidency signed into law a guarantee of a central bank loan of E£1bn for the holding companies in charge of the airports and ATC. Meanwhile in China, Longjiang Airlines (LJ Air) has become the first airline to appear on a judicial auction. LJ Air received its AOC in February 2017 after a seven-month delay from the initial launch date of June 2016. The airline had been operating out of its’