Japan Airlines Jal News
JAL Starts Code Share Flights with Vietnam Airlines on Osaka-Hanoi Route
Japan Airlines (JAL) will further expand its code share agreement with Vietnam Airlines (VN) and will start offering the Osaka (Kansai) - Hanoi route operated by VN from January 13, 2010.
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.
JAL shares soar a third on government lifeline
Shares in Japan Airlines have leapt almost a third after the Japanese government pledged to double its credit line to the cash-strapped national carrier.
Markets wage on JAL collapse as shares sink a third
Confidence in the future of Japan Airlines has sunk to an all-time low after shares in the flag carrier shed a third of their value in two days.
Japanese government refuses to guarantee JAL bail-out
The Japanese government has said that it will not guarantee funding for debt-ridden national carrier Japan Airlines, meaning a tie-up with an American airline has emerged as the most likely candidate to option avoid insolvency.
Japan and U.S. agree open skies deal
The race between American Airlines and Delta Air Lines to strike a partnership with Japan Airlines has taken on added importance following the completion of agreement between the US and Japan to liberalise air traffic. The “open skies” deal will allow airlines from both countries to have a wider range of destinations and effectively operate as a single carrier.
JAL to share BA lounges at London Heathrow
Japan Airlines is to share British Airways new lounges - Galleries First and Galleries Club - at London Heathrow Terminal 3 from 14 December, when JAL will close its own separate First Class and executive class Sakura Lounges.
JAL poised for $7.8bn government bailout
The fate of Japan Airlines has taken another twist after it has emerged that the government is considering loan guarantees to the tune of Y700bn ($7.8bn) to bail out the beleaguered carrier. The move would thwart the recent take-over attempts by American Airlines and Delta despite the enormous risk to take-payers money.
American raises JAL offer to $1.1bn
American Airlines has stepped up its bidding war with Delta Airlines for a controlling stake in Japan Airlines by offering a US$1.1bn sweetener. Much of the injection is being fronted by TPG, a private equity group. This follows Delta’s attempt to lure the debt-riddled carrier from oneworld by offering US$500m in new equity, plus another US$500m in asset-backed funding.
Oneworld’s ‘total value proposition’ makes it by far the best alliance for Japan Airlines
The leaders of all Japan Airlines’ partners in the oneworld® alliance issued this declaration today to their colleagues at the airline, to the Japanese government and to the country’s flying public: oneworld is by far the best alliance for JAL.
Delta throws JAL $1bn lifeline
Delta Airlines has offered struggling Japan Airlines a $1bn incentive to leave the Oneworld Alliance. The US carrier is leading the SkyTeam group of airlines in a bid to rescue the struggling Japanese carrier – on the condition it leaves the rival alliance.
JAL racks up $1.5 billion first-half loss
Japan Airlines has revealed a $1.5 billion loss as it struggles to recover from the travel industry’s deepest slump in years. The company is seeking government help to deal with creditors.