TOKYO Jan 15 Japan Airlines Corp 9205.T said
on Friday it had procured 145 billion yen ($1.59 billion) in
funds remaining from a credit line provided by the state-owned
Development Bank of Japan.
Japan Airlines Corp, Asia's largest airline by revenues, will
file for bankruptcy protection as early as Tuesday as part of a
restructuring package being crafted by a state-backed turnaround
fund, sources have told Reuters. [ID:nTOE60D089]
JAL had already drawn 55 billion yen in funds from the 200
billion yen credit line established by the DBJ to ensure it can
maintain its operations.
(Reporting by Nathan Layne)