Tue, Sep 15, 2009
Asia's Largest Airline Lost $1 Billion Last Quarter
American and Delta Airlines are
both eyeing an investment in Japan Air Lines, Asia's largest
carrier in terms of revenue. The airline, which lost
approximately $1 billion in the 2nd quarter of 2009, hopes to
secure a government-backed 100 billion yen credit line. That is
putting pressure on the airline to raise cash and cut costs.
American and JAL are both members of the Oneworld air alliance,
and Reuters reports that AA is looking to increase ties with the
troubled carrier, as well as block any move to a rival network. AA
is reportedly in talks to invest in JAL, as well as forming a
joint venture with the airline.
Delta, meantime, is a member of the SkyTeam group along with Air
France-KLM, Korean Air and Russia's Aeroflot. Delta is also
exploring an investment in JAL, which, if successful, could shut
American out of the Japanese market, according to Yoshihisa
Miyamoto, and analyst with Okasan Securities. The second-largest
Asian carrier, All Nippon Airways, is already a member of The Star
Alliance. "Considering how desperate American is, it's likely that
they'll offer more than what Delta has been reported as ready to
spend," Miyamoto told Reuters.
The Japanese media has been reporting that Delta was considering
a 50 billion yen infusion of cash into JAL, but is asking for an
exclusive code-sharing arrangement.
All the negotiations are taking place before a backdrop of "Open
Skies" negotiations between the U.S. and Japan, which would open
the door to more cooperation on flight scheduling and profit
sharing.
More News
Aero Linx: Model Aeronautical Association of Australia MAAA clubs are about fun flying, camaraderie and community. For over 75 years, the MAAA has been Australia’s largest fl>[...]
Touchdown Zone Lighting Two rows of transverse light bars located symmetrically about the runway centerline normally at 100 foot intervals. The basic system extends 3,000 feet alon>[...]
“Discovery and innovation are central to our mission at Virgin Galactic. We’re excited to build on our successful record of facilitating scientific experiments in subor>[...]
How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]
Student Pilot Reported That During Rotation, “All Of A Sudden The Back Of The Plane Kicked To The Right..." Analysis: The student pilot reported that during rotation, “>[...]