Struggling Japan Airlines to reject cash offers from competing carriers

A Japan Airlines aircraft is seen in front of Mount Fuji at Haneda Airport in Tokyo yesterday. Delta and American Airlines are vying for a stake in the carrier. Photo: Getty Images

Troubled Japan Airlines (JAL) and the state-backed corporate turnaround body responsible for the loss-making airline's restructuring will decline cash offers from Delta and American Airlines, a report said yesterday.

Instead, they will only seek greater business co-operation with either Delta or American Airlines, the business daily 'Nikkei' said. The turnaround body will pick one of the US carriers as JAL's partner after February, it said.