JAPAN Airlines (JAL) looks to be pulling itself out of an early grave, with a little help.
Following news that the Japanese government has agreed to offer JAL a ¥700 billion (US$7.8 billion) loan comes an offer from American Airlines to give JAL $1.1 billion to keep it within the Oneworld alliance. This trumps Delta's previous $1 billion offer to try and tempt JAL over to SkyTeam.
Despite JAL losing $1.5 billion in the first half of the financial year the US airlines obviously consider the lucrative trans-Pacific routes that come with JAL to be worth it. |
