Japan Airlines' bankruptcy filing makes it far less likely that the troubled carrier will accept cash investments from either of its U.S. suitors, and experts say that favors SkyTeam's bid to lure JAL away from Oneworld's smaller network in Asia. But JAL's troubles will also help to open up Japan's highly regulated aviation industry, as the Japanese government already has agreed to an Open Skies treaty with the U.S., provided both JAL and All Nippon Airways can forge immunized partnerships across the Pacific.

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