Delta Air Offers $1 Billion to Japan Air, Rivals AMR
November 21, 2009 | Airline Flight, Airlines Companies, Aviation, Delta Air Lines
Delta Air Lines Inc. and its SkyTeam alliance partners offered as much as $1 billion in incentives to lure Japan Airlines Corp. away from the Oneworld group led by American Airlines.
SkyTeam airlines may invest $500 million in Japan Air, and Delta would supply $200 million in financing and $300 million to cover lost sales, Delta President Edward Bastian said today. American’s bid may consist of $1 billion from private-equity firm TPG Inc. and $300 million from the airline.
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