Executives of Delta Air Lines Inc. met Wednesday with transport minister Seiji Maehara to trumpet the long-term benefits of forming capital ties between the U.S. carrier and Japan Airlines Corp. to help its turnaround.
Delta, the world's biggest commercial carrier, has offered JAL a $1.02 billion financial package with global SkyTeam alliance members, including a $500 million investment, to woo the carrier to switch from the rival oneworld alliance with American Airlines Inc.
"In order for any restructuring to be successful, a company has to have top-line growth, market expansion and more passengers," Delta Chief Executive Officer Richard Anderson told reporters following the meeting with Maehara.