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News Watch
- 2/9/2010 6:56:44 AM
By Chip Brian, SmarTrend Analytics Team
2/9/2010-Downtrodden Japan Airlines (JAL), which has been courted for a few months by Delta Air Lines (NYSE:DAL) with promises of fresh capital and a widespread global network, rejected the world's largest carrier and chose to maintain its alliance with American Airlines, a subsidiary of AMR Corp. (NYSE:AMR).
The Japan-based airline said it plans to strengthen its partnership with American in the months to come and looks to gain antitrust immunity on all trans-Pacific routes, which was what Delta was looking to gain from wooing the company away from its current deal.
The decision finally ends a months in the making battle over the carrier, which is currently in the process of restructuring under bankruptcy protection.
Delta and its partners had offered JAL $1 billion to exit its current oneworld partnership, however, American offered the carrier $1.4 billion to stay.
Contact Chip Brian
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