A state-backed turnaround fund may seek to put Japan Airlines Corp through bankruptcy court as part of a restructuring of the struggling carrier, two sources with knowledge of the matter said.
Japan's government will not offer guarantees on funding to Japan Airlines Corp (9205.T), Finance Minister Hirohisa Fujii said on Tuesday, eliminating one potential support for the carrier as it struggles for survival.
Japan Airlines Corp is likely to choose Delta Air Lines as its overseas partner, ending its ties with American Airlines and the Oneworld alliance, Japan's Asahi newspaper reported on Friday.
American Airlines said that it, private equity firm TPG and Oneworld alliance partners could increase their $1.1 billion investment offer to Japan Airlines (9205.T), depending on the struggling carrier's restructuring plan.
Shares of Japan Airlines Corp jumped 4 percent on Wednesday after the struggling carrier said most of its retirees were willing to accept cuts to pension payouts.
Shares of Japan Airlines Corp jumped 4 percent on Wednesday after the struggling carrier said most retirees were willing to accept cuts to pension payouts.
Japan Airlines Corp said on Tuesday 5,700 retirees were willing to accept proposed cuts to pension payouts, falling just short of the numbers the struggling airline needs to secure approval for reducing its pension burden.
The United States and Japan reached a landmark aviation agreement on Friday, a deal that eases barriers to passenger and cargo services and opens up the possibility for stronger alliances, officials said.
The United States and Japan reached a landmark aviation agreement on Friday, a deal that eases barriers to passenger and cargo services and opens up the possibility for stronger alliances, officials said.
The United States and Japan reached a landmark aviation agreement on Friday, a deal that eases barriers to passenger and cargo services and opens up the possibility for stronger alliances, officials said.
Japan is looking at guaranteeing about $7.8 billion in funding to Japan Airlines Corp , a government source said on Monday, easing concerns that the carrier could run out of funds and helping send its shares 8 percent higher.
Japan's government plans to guarantee about 700 billion yen ($7.7 billion) in loans and other funds provided by financial institutions to keep Japan Airlines Corp. afloat, the Nikkei business daily reported.
Japan's All Nippon Airways said it and fellow StarAlliance members United Airlines and Continental Airlines plan to apply for antitrust immunity to allow closer cooperation on transpacific routes.
American Airlines said it and other members of the Oneworld airline alliance along with private equity fund TPG are willing to invest $1.1 billion in Japan Airlines to prevent it defecting to Delta Air Lines and the rival Skyteam group.
American Airlines said it, Oneworld alliance members and private equity fund TPG would be willing to invest $1.1 billion in Japan Airlines to match a similar bid from rival Delta and the SkyTeam alliance.
American Airlines said it, Oneworld alliance members and private equity fund TPG would be willing to invest $1.1 billion in Japan Airlines to bolster the airline's finances and prevent it from defecting to a rival alliance.
Delta Air Lines said on Thursday that teaming up with a third party to support struggling Japan Airlines Corp, which is seeking a state bailout, was one option.
Japan Airlines Corp asked retirees and employees on Monday to accept an average 40 percent cut to their pension payouts and warned the struggling airline could face bankruptcy if an agreement could not be reached.
Japan Airlines Corp asked retirees and employees on Monday to accept an average 40 percent cut to their pension payouts and warned the struggling airline could face bankruptcy if an agreement could not be reached.
Struggling carrier Japan Airlines Corp (JAL) plans to propose cutting pension payments to its employees and retirees by an average of roughly 40 percent, a Japanese newspaper said on Saturday.
The chief executive of Delta Air Lines Inc says the SkyTeam alliance of global carriers would be willing to invest more than its proposed $1.02 billion in Japan Airlines, the Wall Street Journal reported.
Japan Airlines Corp will ask the government as early as Tuesday for 100 billion yen ($1.13 billion) in bridge loans from the Development Bank of Japan, the Nikkei business daily said.