Japan Airlines JAL News Page 15
AA & Oneworld Alliance offer $2 billion in enhanced commercial benefits for Japan Airlines
American Airlines, along with fellow oneworld Alliance founding members British Airways, Qantas Airways and Cathay Pacific Airways, today outlined USD $2 billion in commercial benefits to Japan Airlines (JAL) over three years.
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.
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 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.