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JAPAN Airlines loses payment protection cover

JAPAN Airlines loses payment protection cover

As from 29th December 2009, Payment Protection cover against airline failure for Japan Airlines flights has been withdrawn by our insurance underwriters. Whilst no reason has been given to us, the action follows increasing press speculation as to the future viability of this long established airline. The shares in the parent company have collapsed since Christmas with some reports headlining a 11% reduction in the airline's share price