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Tokyo (ANTARA News/Asia Pulse) - After months of negotiations with two U.S. carriers, Japan Airlines Corp. (TSE:9205) said Tuesday that it will strengthen its existing partnership with American Airlines Inc., the result of JAL Chairman Kazuo Inamori's reluctance to break a long-standing alliance.

The government-backed Enterprise Turnaround Initiative Corp. of Japan and the Transport Ministry, both of which had called for JAL to tie up with Delta Air Lines Inc. instead, have given their blessing to the decision.

The Japanese carrier is now undergoing bankruptcy restructuring with the ETIC as administrator. JAL and American are both members of the oneworld alliance, while Delta is part of the SkyTeam group.


Source:
Business in Asia Today - Feb.10, 2010
published by Asia Pulse

Editor: Ricka
COPYRIGHT © 2012

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