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JAL to request USD3.4bn in loans from major lenders

16-Nov-2010 10:44 AM

Japan Airlines will reportedly ask five major lenders for JPY284.9 billion (USD3.4 billion) in loans instead of the JPY319.2 billion (USD3.8 billion) it had previously sought (The Nikkei, 16-Nov-2010).  The carrier is expected to reach a basic agreement on the loan as early as this week. The airline's rehabilitation administrator, the Enterprise Turnaround Initiative Corp of Japan, is expected to guarantee around JPY10 billion (USD120 million).