September 15, 2009 / 12:16 AM / 10 years ago

Air France-KLM in talks to invest in JAL-source

NEW YORK, Sept 14 (Reuters) - Air France-KLM (AIRF.PA) is in talks with Japan Airlines 9205.T to form an alliance in which the European company would inject a few hundred million dollars and take a minority stake in the struggling carrier, a source familiar with the matter said.

Air France-KLM, Delta Air Lines (DAL.N) and American Airlines AMR.N 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. (Reporting by Jui Chakravorty; Editing by Gary Hill)

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