DL in talks to take large stake in JL ?

[Andrew Ewen]

http://www.reuters.com/article/newsO...58A2GX20090911

TOKYO (Reuters) - Delta Air Lines, the world's biggest carrier, is in talks to invest in struggling Japan Airlines Corp (JAL) and become its top shareholder, Japanese media said on Friday.
Public broadcaster NHK and Kyodo news said Delta was in talks to invest several tens of billions of yen (several hundred million dollars) in JAL, Asia's largest airline by revenue, as part of a business alliance.

"I can't verify what has been reported by NHK and can't comment further at this time," said a JAL spokeswoman

if this turns out to be true I would think that OW will be very worried - assuming that DL becomes the biggest shareholder I think it would be a given that JL would exit OW for Skyteam - this would leave OW by far the weakest alliance in terms of Asia Pacific presence - particularly in the North America-Asia market