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Suitors line up for JAL


Suitors line up for JAL


Air France-KLM is reportedly the latest company that wants to invest in Japan Airlines.

Various carriers are keen to take a stake in the loss-making JAL in order to gain access to its Asian routes, particularly China, via code-sharing agreements – that is where airlines sell seats on each others’ services. Delta Air Lines is another contender it would invest up to 200 million euros in JAL for a minority stake. Also in the running is Delta’s US rival American Airlines, it is looking for a similar deal. JAL has said the US companies would be favourites if Japan and the United States can reach an “open skies” agreement. JAL, which is undergoing a state-supervised restructuring after years of losses, has just said it will cut nearly 7,000 jobs.

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