JAL moves out from under Tokyo's influence
Now ANA may face govt pressure to buy Boeing
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TOKYO] When Japan Airlines Co broke with decades of tradition by buying long-haul jets from Europe's Airbus rather than US rival Boeing Co, it informed the Japanese government by e-mail without any prior warning.
The deal, worth US$9.5 billion at list prices, was a major blow for Boeing, which holds more than 80 per cent of Japan's commercial aviation market and has been intertwined with US-Japan diplomatic relations since shortly after World War II.
But the way JAL communicated the decision - with a curt message delivered to officials' inboxes just as it was publicly announcing the deal, according to Japanese government sources - was just as momentous.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore