Reply To: JAL- Ugent talks to avoid Bankruptcy

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Discovery-Bay
Participant

I think that you will find the fund raising by AA today will be to strengthen their bid for a minority shareholding in JAL.
The important point for AA is to keep and improve their access in Asia and keep JAL in ONEWORLD. If AF-KLM or Delta take a holding the pressssure would be for JAL to leave ONEWORLD.

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