Saturday, September, 26, 2020 04:20:35
  • Japan Airlines intends to cover flights to the U.S. and other Asian countries in future under the proposed partnership expansion.

  • The offer comes at a time when the government of Malaysia is contemplating whether to sell, close or refinance the loss-making carrier.

Japan Airlines Co., Ltd., (JAL), a renowned Tokyo-based international airline, has reportedly announced that it is looking to further expand its partnership with Malaysia’s national carrier, Malaysia Airlines Berhad (Malaysia Airlines).

Reports cite, on May 27th the two airlines inked a memorandum of understanding (MoU) for a joint venture on Malaysia-Japan flights, however, JAL President claimed that the agreement was only a part of an expanding partnership between the two airlines, both of which are oneworld alliance members.

According to a report by The Straits Times, under the proposed partnership expansion, Japan Airlines intends to cover flights to the U.S. and other Asian countries in future. The offer comes at a time when the government of Malaysia is contemplating whether to sell, close or refinance the loss-making carrier.

JAL, which managed to undertake a successful turnaround following its bankruptcy back in 2010, could facilitate advice to Malaysia Airlines from its own experience to get it out of its slump.

Japan Airlines President, Yuji Akasaka stated that the company believes that Malaysia Airlines is experiencing a situation that is similar to what JAL experienced and recovered from years ago. Akasaka further added that once the Malaysia-Japan joint venture obtains approval from authorities, there would be new opportunities to deepen the partnership and cover U.S. flights as well as other Asian routes.

For that record, Malaysia Airlines does not have any direct flights from Malaysia to the United States, while Japan Airlines currently operates a large number of flights to the U.S.

Meanwhile, Akasaka claimed that it is too early to determine whether Japan Airlines would be making an equity investment in Malaysia Airlines, however, Akasaka added that future discussions may be possible.

 

Source Credit:

https://in.reuters.com/article/airlines-iata-japan-airlines/japan-airlines-looks-to-deepen-partnership-with-malaysia-airlines-idINL4N238093

https://www.straitstimes.com/business/companies-markets/jal-looks-to-deepen-partnership-with-mas