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Delta in talks on Japan Airlines stake

Posted on September 11, 2009 5:39 PM
Airline industry consolidation has been much discussed in recent years, but few carriers have moved aggressively to bring it about. The exception is Delta Air Lines Inc., which may soon reveal the latest in a series of bold -- and risky -- moves meant to build its global footprint.

An aviation source on Friday confirmed reports out of Japan that Delta, the world's largest airline, has opened discussions with Japan Airlines International Co. Ltd. about a range of strategic options, including Delta potentially investing what reports say could be "hundreds of millions of dollars" to become JAL's largest shareholder.

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