Japan Airlines secures 26.5bn yen transition loan for two A350s

Japan Airlines (JAL) has secured a transition-linked loan of ¥26.5bn with Japan Bank for International Cooperation (JBIC) acting as the guarantor.  JAL will utilise the funds to finance two new A350-900, with JBIC providing financial support. Going ahead, the airline will continue to use this framework after 2023, in order to finance new and existing investments related to upgrading to more fuel-efficient aircraft A350 and 787, as set forth in its CO2 Reduction Targets and Initiatives by 2030. In its medium-term business plan, JBIC said: “JBIC will address global issues toward realizing sustainable development for the global economy and society.”