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Global Deals Review: Q4 2009

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Hot sectors in a tepid recovery

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Troubled JAL seeks $1.4 billion bridge loan from banks

TOKYO
Fri Nov 13, 2009 10:35am EST

Stocks

   
A man walks past a logo of Japan Airlines at Haneda airport in Tokyo November 13, 2009. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) -Japan Airlines (9205.T), which is seeking a state bailout, seeks bridge loans totaling 125 billion yen ($1.4 billion) from banks, executive officer Yoshimasa Kanayama said at a news conference on Friday.

Japan

JAL, which applied for mediated debt restructuring earlier on Friday, is seeking its fourth state bailout since 2001 as it grapples with $15 billion in debt, a massive pension deficit and dozens of unprofitable routes.

(Reporting by Nobuhiro Kubo)
Japan


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