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TOKYO: Struggling Japan Airlines (JAL) was offered a US$1.1 billion lifeline yesterday from partners led by American Airlines, amid a bidding war with Delta Air Lines for a piece of Asia's biggest carrier.
What's Your Reaction? MSNBC passes along this picture of a slightly awkward situation on an American Airlines flight. Originally reported by Kieran Daly at airline blog FightGlobal.com , the picture was supposedly taken by a worried flight attendant who wanted to ensure that the seating arrangement didn't compromise the safety of the other passengers.
American Eagle, which does regional flying for American Airlines, flew fuller planes in November as traffic jumped 11.7%, outstripping an 6.8% increase in available seats.
American Airlines cut its November flying, so even with a slight drop in demand, its planes were fuller. The nation's second-largest carrier said on Thursday that it cut its capacity 4.2 percent, to 11.92 billion available seat miles, compared with November 2008.
American Airlines Nov. Traffic, Capacity Declines
American Airlines countered a $1 billion offer of aid for Japan Airlines, escalating a tug-of-war with Delta Airlines and its partners over the Japanese airline.
Struggling Japan Airlines was offered a 1.1 billion dollar lifeline on Thursday from partners led by American Airlines, amid a bidding war with Delta Air Lines for a piece of Asia's biggest carrier.
TOKYO: American Airlines said it, Oneworld alliance members and private equity fund TPG would be willing to invest US$1.1bil in Japan Airlines to match a similar bid from rival Delta and the SkyTeam a...
American Airlines upped the ante in the tug-of-war over Japan Airlines, vowing Thursday to lead a $1.1 billion investment in the struggling carrier to prevent it from falling into the orbit of rival Delta.
American Airlines, the oneworld alliance and private equity firm TPG on Thursday offered to invest 1.1 billion dollars in struggling Japan Airlines (JAL).
American Airlines, the oneworld alliance and private equity firm TPG on Thursday offered to invest 1.1 billion dollars in struggling Japan Airlines, they said at a Tokyo press conference.
American Airlines yesterday stepped up efforts to save its partnership with Japan Airlines, the troubled carrier that is the linchpin of its Asian network, by promising a $1.1bn investment to support the group.
AMR Corp. (AMR), the operator of American Airlines and regional airline American Eagle, said late Thursday that traffic declined at American Airlines and rose at American Eagle in November.
Though airlines are silent on membership and qualifications, several maintain programs that operate as "top tiers" to frequent-flier plans.
American Airlines and its Fort Worth equity partner, TPG, have offered to invest $1.1 billion in the struggling Japan Airlines.
President Obama offered no promise that he could do much to ease joblessness quickly even as he comes under pressure from his own party to do more.
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Open slideshowReuters
Open slideshowReuters
Open slideshowAFP/File
