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Article: Japan: AMR, TPG Said to Consider $300 Million JAL Investment.
- Article from:
- TendersInfo
- Article date:
- November 12, 2009
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Byline: kusumv03
American Airlines may team with TPG Inc., the private-equity firm founded by David Bonderman, to invest at least $300 million in alliance partner Japan Airlines Corp., a person familiar with the plan said.
That sum would be competitive with a proposed investment in Japan Air by Delta Air Lines Inc., said the person, who declined to be identified because the talks aren t public. Delta, a member of the SkyTeam group of airlines, wants to lure money- losing Japan Air from American s Oneworld group.
TPG would bring experience in working with troubled carriers, including helping return bankrupt Continental Airlines Inc. to profit in ...