Japan Airlines offered one billion U.S. dollars in order to leave Oneworld
Skyteam member Delta Airlines offers distressed Japan Airlines one billion U.S. dollars in order to leave the Oneworld airline alliance in favour of Skyteam.
Skyteam group wants to save Japan Airlines, if they leave Oneworld and joins Skyteam instead. Delta plans to open routes to Japan and would like to secure cooperation with a Japanese airline.
The offer from Skyteam consists of Skyteam buying shares of Japan Airlines for 500 million U.S. dollars and 300 million U.S. dollars would ensure that any losses the airline could make by switching alliances are covered. The airline would also get an injection of 200 million U.S. dollars and 20 million U.S. dollars to cover expenses incurred in connection with the change of alliance.