American is in talks with JAL about a stake

American Airlines (Dallas/Fort Worth) is also in talks with JAL-Japan Airlines (Tokyo-Haneda) about an investment and closer ties. AA is now competing with Delta for a piece of JAL. JAL is a Oneworld partner already closely aligned with AA. Is Delta trying to drive up the price for American’s interest in JAL? Japanese law does not permit more than one third (33 percent) foreign ownership. JAL is attempting to raise around $2.76 billion by March 2010.

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