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JAL prepares cut-rate airline serving Asia for 2020 takeoff

Airline earmarks $200m for carrier that will also fly to Europe and US

Japan Airlines plans a low-cost carrier that will fly to greater Asian, European and American cities. (Photo by Keiichiro Asahara)

TOKYO -- Japan Airlines will apply in March for a license for a budget carrier to begin service next year, the company said Monday.

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