1/12/2010

Delta Air Lines and American Airlines continue to court Japan Airlines. American Airlines has received no word from the Japanese government that Japan Airlines will not accept cash investments from overseas carriers, says AMR CEO Gerard Arpey, contradicting Japanese news reports. American confirmed it was raising its cash offer to keep JAL in its Oneworld alliance from $1.1 billion to $1.4 billion, as first rumored last week. Meanwhile, Kyodo news reported Monday that the state-backed fund in charge of turning around Japan Airlines wants to see a tie-up between JAL and Delta Air Lines.

Related Summaries