Japan Airlines President: Aim To Conclude Tie-Up Talks By Mid-Oct
September 15 2009 - 4:45AM
Dow Jones News
Japan Airlines Corp. (9205.TO) President Haruka Nishimatsu said
Tuesday his firm aims to conclude tie-up talks with a single
airline partner by mid-October.
Japan's largest carrier by revenue is in talks with U.S. forms
Delta Air Lines Inc. (DAL) and American Airlines parent AMR Corp.
(AMR) to take a stake in their Japanese counterpart.
The president of the airline commonly known JAL told reporters
his company is likely to choose just one partner as part of its
overhaul plans.
He said details of his company's tie-up have not been determined
yet, but added that the firm will pursue "drastic" reorganization
of its routes.
Nishimatsu was speaking after meeting with an independent panel
set up by the transport ministry to oversee the airline's
revival.
The financially strapped airline is currently putting together a
business turnaround strategy, which is scheduled to be announced by
the end of the month.
-By Yoshio Takahashi, Dow Jones Newswires; 813-6895-7561;
Yoshio.Takahashi@dowjones.com