American and oneworld offers USD1.1 billion in Japan Airlines bid; Delta seeks another partner
The battle for Japan Airlines has continued to intensify, with American Airlines confirming it would, supported by the TPG investment group, be "willing to provide funding of up to USD1.1 billion, should this be welcomed by the airline and the Japanese government", trumping the Delta-led SkyTeam bid of USD1.02 billion. oneworld members are also offering a range of other sweeteners as part of the alliance's 'total value proposition' for JAL, worth an estimated (by oneworld) USD700 million.
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