American, TPG woo JAL with $1.1b to block Delta
China Daily | Updated: 2009-12-04 08:09
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Employees perform maintenance on a Japan Airlines Corp passenger jet at the company's hangar in Tokyo. Debt-laden JAL faces the risk of bankruptcy unless it undergoes a major restructuring. Bloomberg News |
TOKYO: American Airlines said it and other members of the Oneworld airline alliance along with private equity fund TPG are willing to invest $1.1 billion in Japan Airlines to prevent it defecting to Delta Air Lines and the rival Skyteam group.
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