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Article: Japan: AA Confident Of Expanding JAL Partnership.
- Article from:
- TendersInfo
- Article date:
- October 3, 2009
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Japan Airlines widely is reported to be in separate discussions to sell a stake to Air France-KLM, American Airlines or Delta Air Lines. Financial involvement by Air France-KLM or Delta could pull Japan Airlines to the SkyTeam alliance from oneworld, while a deal with oneworld founder AA would strengthen existing ties. The financially troubled Japanese carrier also seeks a government bail-out, according to published reports.
JAL last month announced a 30 percent drop in revenue and an operating loss for its air transportation segment of 84.2 billion yen (US$881 million) for the quarter ended 30 June, dragging the companywide loss to 99 billion yen (US$1 billion). ...