News Tag: One World Alliance

November 18, 2009

Struggling Japan Airlines offered lifeline

by Kay Murchie
Asia’s largest carrier, Japan Airlines (JAL), has been offered a $1 billion (£600 million) lifeline from Delta Air Lines and its Sky Team alliance partners. According to Delta, the rescue package includes a $500 million equity injection, a revenue guarantee worth $300 million, asset-backed funding worth $200 million and $20 million to cover JAL's costs for switching alliances. Under the terms of the ...

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