American Airlines & TPG offer lifeline to Japan Airlines

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American Airlines & TPG offer lifeline to Japan Airlines

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12-03-2009, 11:13 AM

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American Airlines & TPG offer lifeline to Japan Airlines

Struggling Japan Airlines (JAL) has been offered another financial lifeline, this time from American Airlines and private equity firm TPG.The airline, which is Asia’s largest carrier, has been struggling amid the global economic downturn which has led to a slump in demand.Many airlines have been forced out of business as fewer people are travelling by [...]

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