Japan Airlines announced that it will raise a large amount of funds of about 300 billion yen.
Amid sluggish aviation demand due to the spread of the new corona infection, the company plans to use it to introduce state-of-the-art aircraft with excellent fuel efficiency in order to strengthen its financial base and respond to decarbonization.
According to the announcement, Japan Airlines received a loan of 200 billion yen from the three mega banks and the Development Bank of Japan, a government-affiliated financial institution, in the form of a "subordinated loan" that is partly regarded as capital at the end of this month and the end of November. increase.
In addition, we will issue new corporate bonds of about 100 billion yen, and the total amount raised will be about 300 billion yen, which is a large-scale financing.
Due to the impact of the new coronavirus, Japan Airlines posted a final deficit of more than 280 billion yen last year for the entire group.
Due to the spread of the infection, aviation demand has continued to be sluggish.
In addition to strengthening its financial base by raising new funds, the company wants to promote the introduction of the latest type of Airbus A350, which has excellent fuel efficiency, in order to respond to decarbonization.