rtmcfi
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http://www.nytimes.com/aponline/2009/11/18/business/AP-AS-Delta-Japan-Airlines.html
TOKYO (AP) -- Delta Air Lines and its alliance partners said Wednesday they are making a billion dollar offer to lure loss-making Japan Airlines from its affiliation with American Airlines.
Delta is ''by far the strongest partner for Japan Airlines,'' company president Edward Bastian told reporters in Tokyo, escalating the tug-of-war for a minority stake in Japan's flagship carrier.
The offer from Delta and the SkyTeam alliance includes a $500 million capital investment, $300 million in short-term revenue guarantees, and $200 million in asset-backed financing for the airline, known as JAL.
Well, here is where your pension $ is going........
TOKYO (AP) -- Delta Air Lines and its alliance partners said Wednesday they are making a billion dollar offer to lure loss-making Japan Airlines from its affiliation with American Airlines.
Delta is ''by far the strongest partner for Japan Airlines,'' company president Edward Bastian told reporters in Tokyo, escalating the tug-of-war for a minority stake in Japan's flagship carrier.
The offer from Delta and the SkyTeam alliance includes a $500 million capital investment, $300 million in short-term revenue guarantees, and $200 million in asset-backed financing for the airline, known as JAL.
Well, here is where your pension $ is going........