Japan Airlines and Delta Airlines agreed to tie up by joint operations on January 15.
JAL will sign an agreement with Delta after final authorization of its new management headed by Kazuo Inamori, new Chairman and CEO. JAL management will be reshuffled after it will file its bankruptcy for corporate rehabilitation.
Visiting Delta top management and JAL met at JAL headquarters on January 15 for final talks, reaching mutual agreement in working level.
Enterprise Turnaround Initiative Corporation (ETIC), in charge of JAL's rehabilitation, reportedly sees a tieup with Delta would improve operational efficiency of JAL's international flights, thus leading to earlier come back of JAL.
Accordingly JAL will change its alliance membership from One World to Sky Team led by Delta, wishing to complete its transition process by April 2011.
The two air lines will apply for anti-trust immunity to U.S. Department of Transportation by middle of February. If granted the immunity, they can have multiplied effect on their transpacific routes.
ETIC with a new management of JAL will continue to assess Delta's proposal for capital participation to JAL.
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