Kyodo News and NHK, the Japan Broadcasting Corporation, are reporting that Delta is in talks with Japan Airlines about making a big investment in the Japanese carrier and cooperation on international operations.
From Kyodo News:
Struggling Japan Airlines Corp. is considering receiving capital investments from Delta Air Lines Inc. and forming a business tie-up on international operations with the U.S. and world's largest airline, industry sources said Friday.
Japan's largest airline is also sounding out Air France-KLM Group, a major European airline, on expanding its alliance in deals that could form the pillar of JAL's restructuring program and dramatically alter the makeup of the global airline industry.
You can read the full story from Kyodo here.
From NHK, full story here:
Close sources say JAL has started negotiating for Delta to become a leading shareholder. As well as strengthening its financial standing, JAL wants to use the partnership to help restructure its management.