New Plan to Help JAL Offered by American, and Other Airlines
Submitted by Amandeep Dhaliwal on Tue, 01/12/2010 - 14:40
As has been confirmed by AMR Corp., the parent facility of American Airlines, the carrier, in association with three other airlines, has offered a whole new plan to aid the struggling Japan Airlines Corp.
AMR lifts $2.9bn improve business, shares soar
Submitted by Harkamal Singh on Fri, 09/18/2009 - 07:08
AMR Corp., the parent company of American Airlines, said $2.9 billion in loans from General Electric Co. and Citigroup Inc. would help the company resist a slump in the air
-travel industry and boost up the confidence of its investors.
Citigroup Inc. paid $1 billion for frequent-flier miles, while GE Capital provided $1.6 billion in jet-financing commitments.
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