ID :
79756
Sun, 09/13/2009 - 21:07
Auther :
Shortlink :
http://m.oananews.org//node/79756
The shortlink copeid
JAL in talks to strengthen ties with American Airlines
+
TOKYO, Sept. 13 Kyodo -
Struggling Japan Airlines Corp. is negotiating with AMR Corp., the parent of
American Airlines, to expand their business cooperation, industry sources said
Sunday.
As JAL and American Airlines are members of the global airline alliance
Oneworld, JAL is seeking an expansion of code-sharing on international routes,
establishment of a joint venture, and AMR's investment in JAL, the sources
said.
Cash-strapped JAL is also discussing a plan to receive around 50 billion yen in
investment from U.S. carrier Delta Air Lines Inc., American Airlines' rival and
one of the world's largest airlines, which belongs to SkyTeam, another global
airline alliance.
Business cooperation with another airline or airlines is expected to become the
pillar of JAL's business improvement plan, which it needs to compile by the end
of this month.
JAL, Japan's largest carrier, is under a state-supervised restructuring process.
Saddled with a net loss of 99 billion yen in the April-June quarter, JAL inked
a deal in June with two state-backed lenders and three major Japanese
commercial banks to borrow a total of 100 billion yen and plans to receive
another 100 billion yen in additional loans before the end of this year.
JAL is also considering asking for several billion yen in investment from
Europe's Air France-KLM Group.
In addition, JAL is eyeing investments from trading houses, travel agencies,
business counterparties, investment funds and other concerns.
JAL is planning drastic suspensions and reductions of loss-making international
flights to improve its business.
The Ministry of Land, Infrastructure, Transport and Tourism has asked JAL to
accept Delta's investment and code-sharing with it on flights linking Japan and
the United States.
Delta is apparently aiming at building up its aviation network in Asia with a
tie-up with JAL as the Japan-U.S. ''open skies'' policy is expected to make
progress in deregulating the opening of routes and the number of flights
between the two countries.
However, cautious views about a tie-up with Delta have been voiced within JAL,
as it belongs to a different airline group.
If JAL concludes a capital and business alliance with Delta, it may be forced
to secede from the Oneworld airline alliance, the sources said.
==Kyodo
2009-09-13 21:36:19
TOKYO, Sept. 13 Kyodo -
Struggling Japan Airlines Corp. is negotiating with AMR Corp., the parent of
American Airlines, to expand their business cooperation, industry sources said
Sunday.
As JAL and American Airlines are members of the global airline alliance
Oneworld, JAL is seeking an expansion of code-sharing on international routes,
establishment of a joint venture, and AMR's investment in JAL, the sources
said.
Cash-strapped JAL is also discussing a plan to receive around 50 billion yen in
investment from U.S. carrier Delta Air Lines Inc., American Airlines' rival and
one of the world's largest airlines, which belongs to SkyTeam, another global
airline alliance.
Business cooperation with another airline or airlines is expected to become the
pillar of JAL's business improvement plan, which it needs to compile by the end
of this month.
JAL, Japan's largest carrier, is under a state-supervised restructuring process.
Saddled with a net loss of 99 billion yen in the April-June quarter, JAL inked
a deal in June with two state-backed lenders and three major Japanese
commercial banks to borrow a total of 100 billion yen and plans to receive
another 100 billion yen in additional loans before the end of this year.
JAL is also considering asking for several billion yen in investment from
Europe's Air France-KLM Group.
In addition, JAL is eyeing investments from trading houses, travel agencies,
business counterparties, investment funds and other concerns.
JAL is planning drastic suspensions and reductions of loss-making international
flights to improve its business.
The Ministry of Land, Infrastructure, Transport and Tourism has asked JAL to
accept Delta's investment and code-sharing with it on flights linking Japan and
the United States.
Delta is apparently aiming at building up its aviation network in Asia with a
tie-up with JAL as the Japan-U.S. ''open skies'' policy is expected to make
progress in deregulating the opening of routes and the number of flights
between the two countries.
However, cautious views about a tie-up with Delta have been voiced within JAL,
as it belongs to a different airline group.
If JAL concludes a capital and business alliance with Delta, it may be forced
to secede from the Oneworld airline alliance, the sources said.
==Kyodo
2009-09-13 21:36:19
