InsideJapan News Network
Thursday,
3rd
December
2009
In Business In Japan,
In Business In Japan,
US carrier makes new offer to Japan Airlines
American Airlines and private equity firm TPG have made an offer to Japan Airlines which it says is "far superior" to offers made by other carriers.
The US carrier said that it has now offered Japan Airlines $1.1 billion (£659 million), which is more than the amount offered by rival airline Delta.
Aviation consultant at CRA International Mark Kiefer said: "There's a lot at stake here, especially given the importance of the Japanese market and the Asian market to all of these carriers."
He went on to say that the newest offer from American Airlines and TPG could see the fight for a stake in Japan Airlines drag on for some time.
Both American Airlines and Delta Airlines are enthusiastic about having a foot in the Asia-Pacific air travel market.
Japan Airlines has been struggling with massive debts for some time and has been bailed out four times by the government in the past eight years.
Written by Kimberley Homer.
Related news stories:
Japan Airlines gets bid from consortium (18th September 2009)
Japan Airlines announces US airline deal (13th January 2011)
Japan Airlines 'to take American offer' (9th February 2010)
New management take over Japan Airlines (3rd February 2010)
The US carrier said that it has now offered Japan Airlines $1.1 billion (£659 million), which is more than the amount offered by rival airline Delta.
Aviation consultant at CRA International Mark Kiefer said: "There's a lot at stake here, especially given the importance of the Japanese market and the Asian market to all of these carriers."
He went on to say that the newest offer from American Airlines and TPG could see the fight for a stake in Japan Airlines drag on for some time.
Both American Airlines and Delta Airlines are enthusiastic about having a foot in the Asia-Pacific air travel market.
Japan Airlines has been struggling with massive debts for some time and has been bailed out four times by the government in the past eight years.
Written by Kimberley Homer.
Related news stories:
Japan Airlines gets bid from consortium (18th September 2009)
Japan Airlines announces US airline deal (13th January 2011)
Japan Airlines 'to take American offer' (9th February 2010)
New management take over Japan Airlines (3rd February 2010)
Latest Headlines
-
Click on a region above to expand
Order a
InsideJapan meets Masterchef at Destinations -
27/01/2012
Show Time for IJT – Get your FREE tickets here! - 01/12/2011
Matsuri madness in London - 12/09/2011
Show all stories >>
Show Time for IJT – Get your FREE tickets here! - 01/12/2011
Matsuri madness in London - 12/09/2011
Show all stories >>
-2010.jpg "The Guardian, The Observer - Travel Awards 2010 Winner - Best tour operator (small)")
.jpg "Inside Japan Tours - Silver at the British Travel Awards 2009")
