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JFK Fleet Service
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Yep, JAL is gone.Good Job Gerry!
Lifted this from another site.
American disappoints Maehara
Kyodo News
Transport minister Seiji Maehara said Thursday he expected a more positive explanation the day before from the executives of American Airlines Inc. on the merits of the U.S. carrier forging capital ties with cash-strapped Japan Airlines Corp.
"American promoted itself to a certain extent, but it spent most of the time explaining why JAL cannot partner with Delta," Maehara said of his meeting with American Chief Executive Officer Gerald Arpey. "To be honest, I wish they had given us a slightly more forward-looking explanation."
The government will carry out a closer analysis on the feasibility of a partnership between JAL and rival Delta Air Lines Inc. in view of whether the two companies would be granted antitrust immunity, he said.
American has offered to invest up to $1.1 billion with global oneworld alliance members and U.S. private-equity firm TPG to block JAL's defection to the rival SkyTeam grouping led by Delta.
American executives have argued vehemently that Delta and JAL would not be granted antitrust immunity because they would hold a share of more than 60 percent in the Japan-U.S. market. Delta says the partnership would not face any regulatory hurdles.
The tug of war over JAL to tap into lucrative Asian routes hit a new level of intensity after Japan and the U.S. struck a landmark open skies accord to liberalize air traffic, which will pave the way for airlines in the two countries to work together more closely in scheduling and pricing.
Japan's largest airline, headed for its fourth annual loss in five years, is seeking financial support from a government-backed corporate turnaround body.
Lifted this from another site.
American disappoints Maehara
Kyodo News
Transport minister Seiji Maehara said Thursday he expected a more positive explanation the day before from the executives of American Airlines Inc. on the merits of the U.S. carrier forging capital ties with cash-strapped Japan Airlines Corp.
"American promoted itself to a certain extent, but it spent most of the time explaining why JAL cannot partner with Delta," Maehara said of his meeting with American Chief Executive Officer Gerald Arpey. "To be honest, I wish they had given us a slightly more forward-looking explanation."
The government will carry out a closer analysis on the feasibility of a partnership between JAL and rival Delta Air Lines Inc. in view of whether the two companies would be granted antitrust immunity, he said.
American has offered to invest up to $1.1 billion with global oneworld alliance members and U.S. private-equity firm TPG to block JAL's defection to the rival SkyTeam grouping led by Delta.
American executives have argued vehemently that Delta and JAL would not be granted antitrust immunity because they would hold a share of more than 60 percent in the Japan-U.S. market. Delta says the partnership would not face any regulatory hurdles.
The tug of war over JAL to tap into lucrative Asian routes hit a new level of intensity after Japan and the U.S. struck a landmark open skies accord to liberalize air traffic, which will pave the way for airlines in the two countries to work together more closely in scheduling and pricing.
Japan's largest airline, headed for its fourth annual loss in five years, is seeking financial support from a government-backed corporate turnaround body.
