
TPG/AA JAL deal still flying?
TPG Capital and American Airlines' plan for a $1.4 billion turnaround investment in Japan Airlines (JAL), seemingly stalled, has received fresh impetus with JAL making a formal application for anti-trust clearance to Japanese regulators, so as to proceed with the alliance, according to reports.
US and Japanese authorities are both expected to green-light the application, to permit a JV plan central to JAL's restructuring. The TPG/AA bid has won out over a rival proposition from AA's strategic...
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