Delta Air In Talks To Buy Stake In JAL - Source
11 September 2009 - 9:42PM
Dow Jones News
Delta Air Lines Inc. (DAL) is in preliminary talks to take a
stake in Japan Airlines Inc. (9205.TO), according to a person
familiar with the situation.
Any deal would cement Delta's ties in the Asia-Pacific region
and help fill a gap in the global SkyTeam alliance headed by the
U.S. airline. JAL is currently a member of rival Oneworld grouping
headed by American Airlines and British Airways.
A Delta spokeswoman declined comment on speculation of a tie-up
with JAL, first reported by Japanese media. A Oneworld spokesman
also declined comment, but said JAL was "an important and valued
partner" in the Asia-Pacific region.
-By Doug Cameron, Dow Jones Newswires; 312 750 4135;
doug.cameron@dowjones.com