JAL GETS $3.7 BILLION LOANS FROM INVESTORS

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By admin October 19, 2010 14:53

JAL GETS $3.7 BILLION LOANS FROM INVESTORS

Japan Airlines (JAL) has announced that its four biggest lenders have agreed to provide 300 billion yen ($3.7 billion) in additional loans, according to local newspaper reports. Mizuho, Mitsubishi UFJ, Sumitomo Mitsui, and the Development Bank of Japan are the four banks on the deal.

JAL, which is currently operating under bankruptcy protection, will use the money to pay back its existing debt and complete its restructuring process.

admin
By admin October 19, 2010 14:53
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