Originally Posted by
WHBM
Would this pending insolvent be the same Japan Air Lines who have in recent days taken considerable time from the executives of (in particular) American Airlines and Delta Airlines, all running across to Tokyo to court JAL to a) oh do stay in the OneWorld Alliance, please, and b) oh do come and join us in the SkyTeam Alliance, please.
Are JAL fiddling while Rome burns ? Do the execs of these two USA majors have no idea of what is going on ?
Actually they have a very good idea of what's going on. Delta and partners have already offered $1bn in investment as a sweetener to induce JAL to switch alliances (the sort of money that could be helpful to accelerate an exit from a Chapter-11-style bankruptcy) and AA and team have countered with a reported $1.4bn. Now not all of the money is necessarily in cash - some is in that odd currency known as "synergies" - but you can be assured that the suitors are very aware of JAL's position.