Japan Airlines Receives New Offer
Friday, May 22nd, 2009To improve the struggling situation of the Japan airlines, the American airlines and private equity firm TPG have offered $1.1 bn. Early the rival delta offered $1bn. So the bids are going on, JAL said that it will decide at the end of the year based on highest bid. The JAL has been suffering from competition and huge depts. The government of Japan has bailed it for four times since 2001.