JAL teeters on brink of bankrupcy
American Airlines has now offered an enhanced US$2 billion investment deal to stop Japan Airlines from going under.
Japan Airlines is still hoping for a government bail out after shares plummeted by 45% today as the carrier heads towards bankruptcy.
The airline, whose Asian network is coveted by US carriers, has had previous investment offers from American Airlines, with Delta also showing an interest, but the beleagured airline is still hoping that the Japanese government will come to the rescue.
Phil Davies
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