Banks set to lend Japan Airlines $1bn

By Administrator |

Japan Airlines (JAL) is to become the recipient of loans totalling around $1bn from a syndicate of three banks and the government-backed Development Bank of Japan to reinforce its short-term cash flow, according to a

report in the usually reliable Nikkei business daily newspaper.

The newspaper reports today that JAL will receive loans totalling tens of billions of yen from the Development Bank of Japan and Mizuho Corporate Bank and others to cover its cash short fall.

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