Air France-KLM and Delta Airlines eyeing Japan Airlines (JAL)

The maneuvers began in the Japanese skies for control of Japan Airlines (JAL). Friday, CEO of Delta Airlines has announced that the SkyTeam alliance, which it is party (including Air France-KLM), was prepared to increase its offer of one billion dollars (670 million euros), released Wednesday at JAL to ensure that the competing Oneworld alliance. These bids were preceded by a discrete and intense lobbying effort.

Anne-Marie Idrac, Secretary of State for Foreign Trade, and the CEO of Air France-KLM, Jean-Cyril Spinetta, and have met the Minister of Transport of Japan, Seiji Maehara, early November, in Tokyo, in a given secret. The plan includes an investment of 500 million dollars of SkyTeam, 300 million guaranteed revenue from Delta and 200 million of funding also Delta.It follows the announcement last week by American Airlines, a partner in JAL Oneworld, a possible alliance with the investment fund TPG to invest 100 billion yen in the company.

In almost bankrupt

JAL, the dire financial situation aroused the envy of all foreign terror of the Japanese, but they do not yet agree. Foreign carriers wishing to seize the "slots held by JAL in Japan (60% domestic) and the rest of Asia. Implicitly, we imagine the ongoing discussions between the Japanese and U.S. governments for open sky agreements expected next year. "An open skies agreement in which the airways are traded either state to state but from airport to airport always gives a boost to traffic between its participants.It could make the Tokyo hub between the U.S. and Asia that has never been, "said a representative of a European airline in Japan. But the Japanese government remains reluctant to involve a foreign takeover of a national treasure.

An actor negotiations carried away: "Tokyo does not study the offers of foreign companies. They still think they will pull all alone! "JAL is the subject of trench warfare between the Finance Ministry, which maintains the company under infusion of public money, the Transport and that of the Industry. The parties have differing views on this issue, plus those of the pilots' unions (the company counts seven), who are asked to sacrifice pensions of their members.JAL The record was finally entrusted to a public body, the Etic, which has a staggering 1 600 billion yen (12 billion euros) to finance. It must make yet another audit of the company in January. During the fiscal quarter from July to September, JAL was losing 355 million yen per day.

"Japan Airlines seeks fresh money

The airline JAL in turmoil

• PSA negotiating with Mitsubishi a future low-cost small car
• The Bank of Japan just to curb the yen
• Corporate bonds, an alternative to shares
• "Pole or private employment, it is always up to you to find your job"
• A cloud of 150 million euros per day for air