oneworld USD2billion Japan Airlines offer - and even Cathay joins the party. Delta still favourites
The oneworld team yesterday increased its JAL offer by USD300 million, to around USD2 billion plus turnaround expertise. However, the offer, spread over three years, mostly includes the USD1.5 billion in synergies that JAL is already getting from the oneworld partnership. It also includes USD300 million in incremental revenue guarantees from American Airlines, and approximately USD200 million in enhancements from British Airways. Meanwhile, Delta and SkyTeam appear still to be favourites.
