American Airlines (AMR), members of its Oneworld alliance, and private-equity firm TPG offer to...

|About: American Airlines Group (AAL)|By:, SA News Editor

American Airlines (AMR), members of its Oneworld alliance, and private-equity firm TPG offer to invest up to $1.1B in troubled Japan Airlines, a deal they say is "vastly superior" to a $1B offer from Delta Air Lines (DAL) and its SkyTeam alliance. JAL is already a member of Oneworld, and American says staying the course will result in a substantial increase in revenue, which makes its offer worth an effective $1.8B. A JAL-Delta tie-up would face severe regulatory opposition "because of the stranglehold this combination would hold on Japan-USA travel," group says.