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Article: Japan : Gov t asks main creditor banks to provide bridge loans for JAL.
- Article from:
- TendersInfo
- Article date:
- November 7, 2009
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Byline: babalu03
A government team tasked with aiding the turnaround of Japan Airlines Corp. asked Friday the company's creditor banks, including the state-backed Development Bank of Japan, to provide bridge loans to the struggling airline, sources familiar with the matter said.
The main banks -- which also include Mizuho Corporate Bank, the Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking Corp. -- gave no immediate reply since they are seeking that state guarantees be attached to the bridge loans, the sources said.
The government will give serious consideration to attaching the guarantees as Japan's top airline, saddled with heavy ...