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Article: Report: Japan Airlines may get 100B yen in loans
- Article from:
- AP Worldstream
- Article date:
- June 3, 2009
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
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Japan Airlines may receive a 100 billion yen ($1.04 billion) loan to help it through the global slump, Japanese media reports said Wednesday.
Szehunn Yap, spokeswoman for Japan Airlines Corp., Asia's biggest carrier, said the reports were speculative, and there had been no word yet on the loan request. JAL, as the carrier is known, has been seeking up to 200 billion yen in loans.
Kyodo News agency, citing unidentified sources, said the Development Bank of Japan, which has government backing, and three other major Japanese banks _ Mizuho Corporate Bank, Sumitomo Mitsui Banking Corp. and Bank of Tokyo-Mitsubishi UFJ _ are in the final ...