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It’s interesting because you could say the same about Asian carriers and yet Singapore, Cathay Pacific, JAL etc. are all quite proud and beloved.

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Because they have competent local competition. ANA is very evenly matched with JAL. Same with HKA and Cathay Pacific. Even Taiwan has China Airlines (flag) and EVA.

JAL was privatized in 1987.

Air France-KLM, Lufthansa and BA are also privatized.

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