JAL seen edging closer to SkyTeam; Air France-KLM pledges support

01/18/2010 | MarketWatch · Wall Street Journal, The · CNNMoney

Alliance rumors continued to swirl over the weekend as Japan Airlines appeared headed into bankruptcy protection as early as Tuesday. Japanese press reports said JAL on Friday agreed to a new partnership with Delta Air Lines and the SkyTeam alliance, though a SkyTeam spokeswoman said Monday that no decision has been reached. Meanwhile, a Dutch newspaper reported that Air France-KLM had agreed to inject hundreds of millions of dollars into JAL if the struggling Asian giant does make the switch from Oneworld to SkyTeam.

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MarketWatch · Wall Street Journal, The · CNNMoney

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