The Environment and Natural Reserves Authority urged the public to verify information from official sources
uae2 hours ago
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.
The Environment and Natural Reserves Authority urged the public to verify information from official sources
uae2 hours ago
Fire tenders were on the spot and engaged in dousing fire and further details are awaited
asia3 hours ago
Medical teams swiftly transferred the 16th batch to hospitals for treatment
uae4 hours ago
The Argentinian's beauty got many looking for the 'fountain of youth': She can't be that old, Netizens say
world4 hours ago
They have been granted consular access and would be turned over to their ambassadors in Tehran
gulf5 hours ago
The plane spent roughly 33 minutes in the air and a passenger said that there was an extremely loud noise emanating from the aircraft
americas5 hours ago
A small cargo vessel left the port of Larnaca on Friday night with aid donated by the UAE, a Cypriot source said
mena6 hours ago
The restoration process is expected to take a month — and until the issue is completely fixed, Internet users may encounter difficulties
asia6 hours ago