Reply To: JAL- Ugent talks to avoid Bankruptcy

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VintageKrug
Participant

And is seems Bloomberg was correct, as oneworld wins the day, for now at least:

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Comment from OneWorld: –

oneworld News

For immediate release: Latest news from the oneworld airline alliance:

Business as usual for Japan Airlines
19 January 2010

Japan Airlines’ position in the oneworld® alliance is unaffected by the announcement today that the airline is to operate under Japanese Corporate Reorganisation proceedings.

The state body overseeing its restructuring, the Enterprise Turnaround Initiative Corporation (ETIC), has confirmed also today its support to JAL, stressing that it is business as usual for the airline commercially and operationally during its restructuring.

This includes its agreements and co-operation with partners. So the airline continues to offer full oneworld services and benefits, and tickets for flights on JAL and its frequent flyer arrangements are unaffected, with JAL reassuring its passengers that they will continue to receive the same high levels of service and safety.

oneworld and its other member airlines have offered JAL all possible support through these difficult times and into the future.

oneworld remains convinced that its proposals for JAL are vastly superior in every respect to any alliance alternative available to the airline – including commercial benefits totalling US$2 billion over three years. This would provide JAL, its employees and customers, and the government and taxpayers of Japan, with the greatest long-term value at the lowest risk, bringing stability and certainty to the airline at a time when it is most needed.

For more details on the oneworld total value proposition to JAL, see http://www.oneworld.com/ow/news/details?objectID=20395

For Japan Airlines’ message to customers today, see https://www.jal.co.jp/en/other/info2010_0119_2.html and for further JAL information, see http://www.jal.com

For more news from oneworld, see http://www.oneworld.com/ow/news

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