American Airlines is partnering with TPG Capital to offer to invest $1.1 billion in Japan Airlines to assist with the ailing carrier's restructuring and ensure it remains in the oneworld fold. AA CFO and Executive VP-Finance and Planning Tom Horton, speaking to reporters on a conference call from Tokyo, insisted that the AA/TPG proposal is "far superior" to the $1 billion package Delta Air Lines offered JAL to induce it to switch to SkyTeam (ATWOnline, Nov. 19). He added that the value of ...

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