http://online.wsj.com/article/SB10001424052748703735004574573322387316710.html?ru=yahoo&mod=yahoo_hs
BY MARIKO SANCHANTA
The battle to buy a stake in Japan Airlines Corp. intensified Thursday, when AMR Corp.'s American Airlines said it was prepared to invest $1.1 billion in the ailing Japanese carrier along with private-equity firm TPG, trumping a previous offer from rival Delta Air Lines Inc.
American and Delta are openly wrangling over the unprecedented chance to invest in JAL, Asia's leading carrier by revenue and a former prized national asset. In a country where negotiations are traditionally handled discreetly and behind closed doors, the public mudslinging has transfixed and, at times, befuddled the Japanese. The two US airlines held dueling ...
BY MARIKO SANCHANTA
The battle to buy a stake in Japan Airlines Corp. intensified Thursday, when AMR Corp.'s American Airlines said it was prepared to invest $1.1 billion in the ailing Japanese carrier along with private-equity firm TPG, trumping a previous offer from rival Delta Air Lines Inc.
American and Delta are openly wrangling over the unprecedented chance to invest in JAL, Asia's leading carrier by revenue and a former prized national asset. In a country where negotiations are traditionally handled discreetly and behind closed doors, the public mudslinging has transfixed and, at times, befuddled the Japanese. The two US airlines held dueling ...
