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AMR and TPG might team up to invest in JAL
11 November 2009
Private equity company Texas Pacific Group might join AMR in minority stake in JAL.
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JAL
Texas Pacific Group
AMR
American Airlines
Delta Air Lines
American Airlines's parent, AMR, may invest in struggling Japanese airline, JAL. AMR's chief financial officer, Thomas Horton, told reporters that the company might team up with private equity group Texas Pacific Group (TPG) to make an investment.
TPG has been a player in aviation since making a $50 million investment in Continental in 1993, when...
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