Air France, JAL mull joint venture: Report

PARIS: Air France-KLM and Japan Airlines are discussing the possibility of joining forces on flights between France and Japan to share costs and revenues, a French newspaper reported on Monday.

Under the joint venture, the two airlines would harmonise their prices, schedules and business practices, La Tribune reported, citing unidentified Air France sources.

JAL, which declared bankruptcy in January, rejected an offer earlier this month to team up with the SkyTeam alliance, which includes Air France and US carrier Delta Airlines.

Instead the Japanese airline said it would expand its alliance with American Airlines and its Oneworld partners.

JAL went bankrupt a month ago with 26 billion dollars of debt in one of the country's biggest ever corporate failures, but continued operating and began a painful overhaul involving more than 15,000 job cuts and a public bailout.