JAL to apply to state corp turnaround body -source
TOKYO |
TOKYO Oct 29 (Reuters) - Japan Airlines Corp 9205.T will apply for assistance from a state-backed corporate turnaround body on Thursday, a source familiar with the matter said.
The body, called the Enterprise Turnaround Initiative Corp (ETIC), is able to tap up to 1.6 trillion yen in state-guaranteed funds until next March. (Reporting by Nobuhiro Kubo)
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