7 DECEMBER 2009

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Article from BTNews 7 DECEMBER 2009

Japan Air Lines ownership

JAPAN AIR LINES might be losing money but its ownership is a very vital one as far as the world’s airlines are concerned.  Currently it is a member of oneworld and the members would like it to stay that way.  Skyteam, led by Delta and Air France, and having just lost Continental, would like to add the carrier and with it a major foothold in the Japanese market.  With American Airlines leading oneworld has put together a rescue package which claims to be worth US$1.8bn of investment and additional revenue.  Also involved is the TPG investment group.  Oneworld also points out that unravelling the complex inter-airline associations, typically lounge and travel card arrangements, would be very expensive and non-productive. www.jal.com

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