Airlines Merger News
JAL shares slump 45% as bankruptcy expected “within one week”
Shares in Japan Airlines fell by 45% to a new all-time low today amid fears that the airline would file for court-protected restructuring within a week, which would render the shares worthless.
Virgin lashes out at BA-AA alliance
Virgin Atlantic has renewed its call to US regulators to deny the proposed venture between British Airways and American Airlines, arguing it will stiffle competition and lead to prices hikes on transatlantic routes.
Delta and AA frozen out as JAL heads for bankrupcy
Delta Airlines and American Airlines have been frozen out of the battle for a stake in Japan Airlines, after the government dropped its strongest hint yet that the national carrier will probably sink into administration, which could be within just days.
JAL hints deal done with Delta
Japan Airlines is poised to confirm a tie-up with Delta Airlines within just days in a move that will change the shape of global airline alliances. According to reports in the Japanese media, the deal has already been struck, despite a competing offer from JAL’s oneworld alliance partner American Airlines.
TAM Expands Its Agreement with LAN Argentina
TAM (NYSE:TAM) (NYSE:and) (NYSE:Bovespa: TAMM4) and LAN Argentina are expanding the flight codeshare agreement signed between the companies to offer more convenience and comfort for passengers who wish to travel between Brazil and Argentina.