FORT WORTH, Texas (
chief financial officer said Wednesday that private-equity firm TPG could help
"TPG is a well-respected investor in the airline space," AMR Chief Financial Officer Tom Horton told reporters Wednesday, the
Wall Street Journal
reports. "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."
Horton said TPG could join AMR, the parent of American Airlines, in an equity investment into JAL, its partner in the Oneworld airline alliance.
Delta Air Lines
is trying to get JAL to join its rival alliance, Skyteam.
TPG declined to comment for the
Both American and Delta are considering investing minority equity stakes in JAL as a way of gaining greater access to JAL's lucrative Asian routes, the
News of a potential TPG investment follows a pledge from the Japanese government to enlist a state bank to offer the airline a bridge loan to keep it from running out of cash this month,
reports. The airline is headed for its fourth annual loss in five years, weighed down by large debts.
-- Reported by Joseph Woelfel in New York
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