Two articles just came across the wire. One says we get JAL the other says not so fast.

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News for 'DAL' - (DJ JAL Decides On Capital Tie-Up With Delta - Report)

TOKYO (Dow Jones)--Japan Airlines Corp. (9205.TO) and the state-backed Enterprise Turnaround Initiative Corporation of Japan Monday decided to pick Delta Air Lines Inc. (DAL) as a capital alliance partner for the struggling airline, the Yomiuri Shimbun reported in its Monday evening edition.

Without citing where it obtained the information, the paper said the airline will join the SkyTeam Alliance and is now working to terminate tie-up negotiations with AMR Corp.'s (AMR) American Airlines.

A tie-up with Delta will likely help JAL in its revival efforts, the paper said. While Delta's market share of trans-Pacific routes linking Japan and North America stands at 32%, that of American Airlines amounts to 8%. A tie-up with Delta will enable JAL, whose market share in these routes stands at 22%, to slash its own services and boost code sharing services with Delta, the paper added.


-By Tokyo Bureau, Dow Jones Newswires; 813-6269-2770


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News for 'DAL' - (DJ Japan Airlines: Still In Talks With Delta, American)

TOKYO (Dow Jones)--Japan Airlines Corp. (9205.TO) said Monday it is still in talks with Delta Air Lines Inc. (DAL) and AMR Corp.'s (AMR) American Airlines on potential tie-ups, and that it hasn't decided which to partner.

The comment was in response to a report in the Yomiuri Shimbun's Monday evening edition that JAL and quasi-government investment fund Enterprise Turnaround Initiative Corporation of Japan the same day chose Delta Air Lines as a capital alliance partner for the struggling airline.

That report followed an article Sunday in the Asahi Shimbun saying the Japanese carrier was in favor of partnering Delta.

A JAL spokesman denied these reports, saying the company is continuing discussions with both parties.


-By Yoshio Takahashi, Dow Jones Newswires; 813-6269-2791; [email protected]


Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?...%2Fs6D0w%3D%3D. You can use this link on the day this article is published and the following day.



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