tonyw
Well-Known Member
Somehow, it just strikes me as total desperation when you're seeking funding from companies that are not exactly sitting in a cash rich position.
http://www.nytimes.com/2009/09/15/business/global/15air.html
TOKYO — A last-ditch effort by the biggest airline in Japan to raise money and avoid bankruptcy has set the stage for a battle between Delta and American Airlines.
In events that would have been unimaginable a year ago, Japan Airlines, the country’s flagship carrier, said Monday that it was exploring all options to stay in business. News reports said that the carrier was in talks with Delta Air Lines and American over a possible cash infusion of several hundred million dollars.
Despite troubles back home, United States airlines are eager to expand abroad to tap into international business travel, the most consistently lucrative segment in an industry prone to sharp downturns. Still, equity ties between airlines in different countries are rare, with most carriers settling for looser alliances like code sharing on flights.
http://www.nytimes.com/2009/09/15/business/global/15air.html
TOKYO — A last-ditch effort by the biggest airline in Japan to raise money and avoid bankruptcy has set the stage for a battle between Delta and American Airlines.
In events that would have been unimaginable a year ago, Japan Airlines, the country’s flagship carrier, said Monday that it was exploring all options to stay in business. News reports said that the carrier was in talks with Delta Air Lines and American over a possible cash infusion of several hundred million dollars.
Despite troubles back home, United States airlines are eager to expand abroad to tap into international business travel, the most consistently lucrative segment in an industry prone to sharp downturns. Still, equity ties between airlines in different countries are rare, with most carriers settling for looser alliances like code sharing on flights.