[Rumor] JAL to get capital from Daiwa and 7 others

Discussion in 'JAL | Mileage Bank' started by JALPak, Feb 25, 2011.  |  Print Topic

  1. JALPak
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    JALPak Gold Member

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    http://www.reuters.com/article/2011/02/25/japanairlines-idUSL3E7DP1VR20110225

    Nikkei reports that JAL will receive 10-20 billion yen from eight firms including Daiwa Securities Group Inc and Tokio Marine & Nichido Fire Insurance Co. and is also asking for 280 billion in loan from 12 banks, which 5 of them (Mizuho Corporate Bank, Bank of Tokyo-Mitsubishi UFJ, and Sumitomo Mitsui Banking Corp, and the Development Bank of Japan) have signaled their intention to provide funds. JAL will quickly repay the ~320 billion yen in bankruptcy claims
     

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