ANA Raises 300 Billion Yen with Crisis Response Financing Business Deterioration April 3, 22:08
ANA Holdings, which has ANA under its umbrella, uses a special financing system called “crisis response financing” through the Development Bank of Japan in the face of a rapidly worsening business environment due to the spread of the new coronavirus, resulting in a JPY 300 billion loan. We are adjusting to raise funds.
ANA Holdings has responded to cancellations and reduced flights due to a 90% reduction in bookings on ANA flights and 60% on domestic flights compared to the same month last year.
According to stakeholders, the company, through the Development Bank of Japan, is using a special lending system called “crisis response financing” to coordinate with banks and related ministries and agencies to raise ¥ 300 billion. You.
“Crisis response financing” is a system in which loans can be obtained in the event of a temporary decline in business performance due to a disaster or financial crisis.
The company requires a large amount of money every month for reimbursement of air tickets that are implemented without cancellation fees, labor costs for employees, maintenance of aircraft, etc. It seems that there is.
Separately, if the effects of the spread of infection were prolonged, more funds could be required, and ANA Holdings has asked the Development Bank of Japan and private financial institutions We have decided to request a lending facility of 1.3 trillion yen in total, and we will make every possible effort to secure funds.