Japan Airlines Finalises $2.7 Billion Raising to Position for Post-COVID-19 Era

Japan Airlines Finalises $2.7 Billion Raising to Position for Post-COVID-19 Era
Japan Airlines (JAL) planes sit on the tarmac at New Chitose Airport, in Sapporo, Hokkaido, Japan on May 4, 2021. Issei Kato/Reuters
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TOKYO—Japan Airlines Co Ltd (JAL) said on Friday it had finalised plans to issue 300 billion yen ($2.73 billion) of hybrid loans and subordinated bonds to give it a safety net and position it for a post-coronavirus business environment.

It will raise 200 billion yen from hybrid loans and 100 billion from subordinated bonds, the airline said in a statement to the stock exchange.