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September 19, 2009

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Partner airlines offer to help JAL

AMERICAN Airlines Inc, British Airways Plc and Qantas Airways Ltd have offered broad financial and business support to struggling alliance partner Japan Airlines Corp, including a possible investment of several hundred million dollars from American, a Japanese newspaper reported yesterday.

The Nikkei business daily said the three airlines jointly offered to help the Japanese carrier obtain fresh capital, as well as assist in its restructuring by combining operation centers and providing consulting. The Nikkei didn't reveal its sources.

JAL spokesman Taro Nanba said his company declined to comment.

The news comes as JAL mulls a tie-up with Delta Air Lines Inc, the world's largest airline operator. Last week a person briefed on talks between the two companies said Delta was considering a cash infusion of several hundred million dollars.

Delta is part of the SkyTeam alliance, which doesn't have a Japanese partner.

Japan Airlines is part of the rival OneWorld alliance, which also includes American, British Airways and Qantas.

The Japanese carrier is Asia's biggest airline group and is currently in the midst of a major restructuring. The company booked its biggest-ever quarterly net loss of US$1 billion in the three months to June.


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