After years of transatlantic alliance and joint venture attention from the US majors - Northwest-KLM, AA-BA, BA-US Airways, Air France-KLM/Delta - the big news over the weekend is that their gaze is now looking the other way.
It emerged this weekend that first Delta Air Lines and then American Airlines were in talks with struggling Japan Airlines over a possible investment and joint venture.
An alliance with Asia's largest airline group is clearly a major prize for whichever lands the deal, if it goes ahead
An alliance with Asia's largest airline group is clearly a major prize for whichever lands the deal, if it goes ahead. JAL has revenues of $19 billion a year compared to Qantas in second place in the revenue size game in Asia with $14 billion.
It's probably a good time to be wooing JAL. It is losing bucketloads of money and has found it hard to make the structural changes a legacy carrier needs to make to become profitable.
That said, it is not clear how US investment would make that any easier.
But when it comes to transpacific operations a tie-up between either carrier would make them a dominant player in that market.
Regulators and competitors will already be sharpening their arguments for and against.
It's going to be a fascinating week to see how this one develops.