Copyright Photo: Ton Jochems. Please click on photo for more photos.

JAL-Japan Airlines (Tokyo-Haneda) is seeking around $550 million from Delta Air Lines for a minority share in the Japanese carrier according to published reports. SkyTeam partners Air France and KLM Royal Dutch Airlines may also buy a share. JAL desperately needs a capital infusion. Since it is part of the Oneworld Alliance it may also approach American Airlines to counter bid the Delta offer.

News link:

www.reuters.com/article/marketsNews/idINT10451720090912?rpc=44