Currently if you multi select issues, and keypress "a" to edit the assignee it only assigns the final issue you selected. A better UI behavior would be for all the selected issues to get assigned the new assignee. This would be much simpler and faster than bulk-edits
As you said yourself this is not possible right now. You could request this as an improvement here: https://jira.atlassian.com/secure/Dashboard.jspa
You could also get the JExcel plugin which would allow you to assign in an excel like format.
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