American Airlines enters bidding for JAL
It seems that nearly every large carrier in the world wants to own a piece of Japan Air (JAL). Delta (NYSE:DAL) and Air France-KLM have already been said to be talking to the Asian carrier. Now one of JAL's major traffic-sharing partners, American Airlines (NYSE:AMR), may be ready to invest what could be well over $1 billion.
According toBloomberg, JAL, which has been losing money for most of the last five years, will not leave its fate in the hands of another airline. JAL "may be seeking 250 billion yen ($2.8 billion) to rebuild operations."