AMR likely to avail TPG's assistance to acquire stake in Japan Airlines

AMR Corporation, a commercial aviation business and airline holding company, and the parent company of American Airlines, is likely to avail assistance from TPG, a private equity firm, for investing in Japan Airlines.

American Airlines is planning to invest approximately $300 million in Japan Airlines, reported Bloomberg. Apart from American Airlines, Delta Air Lines is also planning to invest in Japan Airlines.

Tom Horton, CFO of American Airlines, was quoted by Cargonews Asia as saying: "TPG is a well-respected investor in the airline space. To the extent that there is an investment to be made, they would be a natural partner for American. We are pleased to have their support."

http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon

Related terms: acquisition, airline, asia, aviation, business, commercial, investment, japan, Private Equity