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Air France-KLM is in talks with Japan Airlines to form an alliance by injecting a few hundred million dollars and taking a minority stake in the struggling carrier, a source familiar with the matter said. Air France-KLM, Delta Air Lines and American Airlines are in separate "early stage" talks with Japan Airlines, said the source, who declined to be identified because the talks have not been made public.
The carriers are discussing an investment of $200 million to $300 million each, in exchange for a minority stake and a code-sharing relationship, but talks are fluid and the numbers could change every day, the source said. The Japanese government prefers Delta Air Lines or Air France-KLM, which it views as financially healthier than American Airlines, the source said.
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