Financial Times FT.com

TPG could invest in struggling JAL

By Jonathan Soble in Tokyo

Published: November 11 2009 07:27 | Last updated: November 11 2009 13:48

American Airlines has invited TPG, the private equity firm, to join a proposed investment in Japan Airlines that would keep the struggling Asian carrier from defecting from American’s OneWorld alliance.

Thomas Horton, American’s chief financial officer, said on Wednesday US-based TPG “support American Airlines and OneWorld and they endorse our proposal” to extend financial aid to JAL.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this