American stands ready to make a significant investment in JAL.
FORT WORTH, Texas, Nov. 18 /PRNewswire-FirstCall/ -- American Airlines has issued the following statement:
"American and its oneworld partners are confident that the total value proposition they offer JAL is superior in every way to any alternative. An offer to make up for lost revenue at best merely gets JAL back to status quo while introducing costly disruptions and distractions that would naturally follow a risky move to switch alliances amid a massive financial restructuring.
"American stands ready to make a significant investment in JAL and remains confident that an American-JAL partnership can readily obtain antitrust immunity as early as the middle of next year, which would allow JAL to realize approximately $100 million in revenue annually in future years. American strongly believes that benefit can't be matched by another partner, and it would be in addition to the approximately $500 million in annual revenue that oneworld delivers to JAL today.
"When you add up the facts, the most value and best long-term solution for JAL comes from remaining with oneworld so that it can continue to focus on its recovery with partners that can help it build a stronger foundation for the future."
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SOURCE: American Airlines
Web site: http://www.aa.com/