Wethio Project is committed to building a sustainable future for Africa and beyond
The two companies are likely officially to sign the deal, which will allow them to run code-share flights, as soon as JAL’s new management endorses it, the Yomiuri Shimbun said, quoting company sources.
The agreement means Asia’s biggest airline will switch from the Oneworld alliance to the SkyTeam group, to which Delta belongs.
JAL and Delta will ask US authorities for antitrust immunity by mid-February, the paper said. If the request is accepted, the two firms will be able to run combined flights over their Pacific routes in what amounts to business integration.
The report came after American Airlines and its partners lifted their proposed investment in JAL to 1.4 billion dollars, from a previous offer of 1.1 billion dollars in a bidding war with rival Delta for a stake in JAL.
On Friday, Japan’s government said it would announce a restructuring package for JAL on January 19, when the troubled carrier is widely expected to file for bankruptcy protection.
JAL is believed to be on the verge of seeking court protection from creditors and delisting its shares from the Tokyo Stock Exchange to make it easier to restructure its debt and slash costs.
JAL, which lost about 1.5 billion dollars in the six months to September, is seeking public aid in the face of mounting debts. JAL is reportedly set to slash more than 15,000 jobs and sell non-core assets such as hotels.
Wethio Project is committed to building a sustainable future for Africa and beyond
Gaza Now's Arabic channel has more than 300,000 followers on social media channel X, and a large following on Telegram
The iftar gathering served as a platform for people from diverse backgrounds to come together, socialise, and rejoice in the celebration
The monk was charged for comments made at a press conference held in March 2016.
The facility will provide greater access to residents from Liwa, Mirfa, Gayathi, Ruwais, Tarif from Western Region
High taxes, rising prices and rents, and fewer opportunities in those countries are prompting many to return to the Emirates, say experts
The UAE already has a 10-year Golden Visa programme for investors, entrepreneurs, property buyers and outstanding students since 2019