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Saturday, September 12, 2009

Delta in talks on big stake in JAL

Delta Air Lines, the world's biggest carrier is in talks to invest in Japan AIrlines Corp (JAL) and become its top shareholder.

The report said Delta was in talks to invest several talks to invest several tens of billions of yen in Asia's largest airline by revenue.

JAL is forecasting a net loss of 63 billion yen (US$692 mil) for the year to March, hit by the global economic slump.

-Reuters


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