Tuesday, 9th February 2010
In Business In Japan,
Japan Airlines 'to take American offer'
Japan Airlines has decided to take an offer of a team up from American Airlines and reject a bid from Delta Airlines, local reports have suggested.
Both of the carriers were keen to get on board with Japan Airlines to increase their share in the Asian aviation market and were offering partnerships including financial help and the sharing of takings.
Commenting on the decision, chairman and chief executive of American Airlines Gerard Arpey said: "We respect that this was an important decision for Japan Airlines and the government of Japan and we believe they have made the right choice for JAL's many stakeholders, for Japan's national interests and for consumers travelling between Japan and the US."
He said that a team from the airline will work with Japan Airlines to put in an application for trans-Pacific antitrust immunity.
Japan Airlines is now under the management of a new team after filing for bankruptcy protection in January.
Written by Mark Smith.