A Japan Airlines passenger jet climbs past the rising moon after taking off from Haneda Airport on the eve of the pandemic-delayed 2020 Summer Olympics, Thursday, July 22, 2021, in Tokyo. (AP Photo/Charlie Riedel)
TOKYO: Japan Airlines Co Ltd (JAL) is looking to raise 300 billion yen (US$2.72bil or RM11.29bil) by the end of the month to ride out anticipated funding challenges amid a continued slump in air traffic, two sources familiar with the matter said yesterday.
The funds will be raised through financing that includes subordinated loans though the exact methods are still under consideration, according to the sources, who confirmed an earlier Nikkei report, declined to comment.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
