Loading
14-Dec-2009 11:42 AM

JAL loans guarantee likely not to be included in FY2009 Supplementary Budget

Japan Government reportedly has no plans to incorporate a state guarantee of up to JPY700 billion (USD7.9 billion) in loans from financial institutions to Japan Airlines into the forthcoming supplementary budget for FY2009 - a move which could seriously affect the financial prospects for the airline (The Yomiuri Shimbun/Kyodo, 12-Dec-2009). Meanwhile, Japan's Transport Minister, Seiji Maehara, stated the Enterprise Turnaround Initiative Corp of Japan would likely make a decision on providing a broad financial package to the struggling airline in Jan-2010.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More