27-Jan-2010 12:00 PM

Mizuho Financial Group to be a key player in JAL restructure

Mizuho Financial Group will reportedly be the largest lender in the Japan Airlines’ restructuring efforts (Bloomberg, 26-Jan-2010). The Enterprise Turnaround Initiative of Japan (ETIC) will reportedly borrow JPY355 billion (USD3.9 billion) from five banks in its first request for funds, with the funds to cover the six month period from 28-Jan-2010.