Japan Airlines raises $2.7 billion
Japan Airlines said it secured around 200 billion yen in loans from four Japanese banks and plans to sell 100 billion yen of bonds. The financing is partly a “preventive measure” to counter the long-term business impact of COVID-19, general manager of finance Yuichiro Kito told reporters.
The funds will also be used to upgrade its fleet by procuring Airbus SE’s A350-1000 aircraft as its flagship for international lines, JAL said. ■